Trump administration upholds tariff on GM’s Chinese-made Buick - News Summed Up

Trump administration upholds tariff on GM’s Chinese-made Buick


The Trump administration refused to grant General Motors Co. an exclusion for its Chinese-built Buick Envision sport utility vehicle, keeping in place a 25% duty on the import. GM said in its July of 2018 petition that tariff relief was necessary to help the Buick brand compete against “foreign competitors” in the U.S. market, including Honda Motor Co.‘s Acura brand, Volkswagen AG‘s Audi and Daimler AG‘s Mercedes-Benz. Earlier last month, the U.S. Trade Representative denied a similar request from Volvo AB for tariff exclusion on its Chinese-made XC60 mid-sized SUV. The vehicle, which has a starting price of $32,000, saw sales fall more than 25% last year. Buick lowered the price by $2,000 just before the tariff was put in place.


Source: thestar June 05, 2019 00:33 UTC



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