(Reuters) – Traton does not see a significant impact from U.S. tariffs on imports from Mexico in the short term, Volkswagen’s truck unit said during a post-earnings call on Monday. This comes even as 65% of the 70,000 trucks supplied by the German group to the U.S. last year were assembled at its Mexico plant. […]
Business
VW’s Traton sees no significant impact from U.S. tariffs
Audio By Carbonatix
(Reuters) – Traton does not see a significant impact from U.S. tariffs on imports from Mexico in the short term, Volkswagen’s truck unit said during a post-earnings call on Monday.
This comes even as 65% of the 70,000 trucks supplied by the German group to the U.S. last year were assembled at its Mexico plant.
Last week, U.S. President Donald Trump postponed 25% tariffs on Mexico and Canada for automakers by one month on vehicles that comply with the 2020 U.S.-Mexico-Canada Agreement’s rules of origin.
(Reporting by Andrey Sychev, editing by Thomas Seythal)