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Trade Trends News
01-04-2025
On Wednesday, U.S. President Donald Trump followed through on his weeks-long threat to impose new tariffs on imported vehicles, announcing a 25% import tax on non-U.S.-manufactured cars, set to take effect next week.
Industry data shows that nearly half of all vehicles sold in the U.S. last year were imported.
Below are the companies and countries most vulnerable to the new tariff.
U.S. Auto Brands: Share of Sales from Imported Vehicles
· Jaguar Land Rover (Tata) (TAMO.NS)：100%
· Geely (Volvo) (GEELY.UL)：90%
· Mazda (7261.T)：81%
· Volkswagen：80%
· Hyundai/Kia (005380.KS, 000270.KS)：65%
· Mercedes-Benz (MBGn.DE)：63%
· BMW (BMWG.DE)：52%
· Toyota (7203.T)：51%
· General Motors (GM.N)：46%
· Stellantis (STLAM.MI)：45%
·Subaru (9778.T)：45%
· Honda (7267.T)：35%
· Ford (FN)：21%
· Tesla (TSLA.O)：0%
Top Auto-Exporting Countries to the U.S.
In 2024, the U.S. imported $474 billion worth of automotive products, including $220 billion in passenger car imports.
Among the largest vehicle suppliers to the U.S. are its close allies:
· Mexico: 2.5 million vehicles exported to the U.S.
· South Korea: 1.4 million vehicles
· Japan: 1.3 million vehicles
· Canada: 1.1 million vehicles
· Germany: 430,000 vehicles
· United Kingdom: 90,000 vehicles
Tendata provides more than 10 billion trade data, covering 228 countries and regions, accumulating more than 10 billion trade transaction details, and a trade database of more than 230 sub-industries.
Searching product keywords or HS codes in Tendata iTrader will allow you to view tens of thousands of active potential customers in the past year, as well as customers' purchase records, including purchase amount, quantity, time, frequency, and their suppliers/buyers. These companies in the Customers List are all customers with needs, and can be used for foreign trade customer development.
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