Marketplace NPR, October 4, 2018 Under the new United States-Mexico-Canada Agreement, manufacturers need to source more parts from the member countries to avoid penalties. That could cost China. Earlier this week, President Donald Trump said that the trade deal would provide a big boost for North American...
CNBC Capital Connection, July 19, 2018 The tariffs are making companies that work with imported vehicles less competitive, says Bill Russo, founder & CEO at Automobility. Automobility CEO: Increasing tariffs 'more negative' for the industry from CNBC....
Bloomberg Television, July 4th, 2018 Bill Russo, chief executive officer of Shanghai-based Automobility Ltd., an investment advisory firm,, talks about the possible 25 percent import tariffs on imported cars and parts by the Trump administration. Russo speaks with Ramy Inocencio on "Bloomberg Daybreak: Asia." (Source: Bloomberg) Click here to watch...
Carscoops, May 22, 2018 by Sergiu Tudose China’s Finance Ministry announced today that import tariffs will be cut to 15% from as much as 25%, whereas taxes on certain automotive parts would fall to just 6%, starting July 1st. The decision comes a few days after a truce...
CNN Money, May 22, 2018 China is cutting the tariffs it charges on imported cars, giving a potential boost to foreign automakers in the world's largest market. The Chinese Finance Ministry said Tuesday that it will cut import duties on passenger vehicles from 25% to 15%, starting...
The Hill, April 2, 2018 Click here to view this article at thehill.com For over three decades, the Chinese government has required foreign carmakers to form joint ventures with local companies in order to produce and sell cars in China. Foreign carmakers have done so in order to...
The Wall Street Journal, March 26, 2018 U.S. auto makers, hesitant to criticize Beijing’s electric-vehicle requirements, among firms looking to Trump administration to help open market [caption id="attachment_16906" align="alignnone" width="1260"] Workers assemble a vehicle at a Changan Ford plant in Harbin, China. Ford Motor Co. joined with...
