Skoda Kodiaq Cars on the production line at the Volkswagen AG factory in Bratislava, Slovakia, on Friday, December 1, 2023.
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US President Donald TrumpIt is expected that the customs duties related to automatic imports will reach car brands and countries all over the world, as economists warn that a small, non -coastal nation in Europe may feel the worst impact.
Trump Prepare To reveal the details of the latest round of sweeping definitions at approximately 9 pm London time (4 pm Easter) on Wednesday. Separate measures on Washington Fees on the global auto sectorHe appears to be a designer of balance in the economic system in favor of America.
Trump is already Declare 25 % tariffs on all imported vehicles, with fees for companies that import vehicles into effect from Thursday. The White House said that the car parts tax are scheduled to start in May.
The president’s underdeveloped advertisements on the definitions that have been concerned about international investors and executives of companies and trading partners in the United States have caused in recent months. Germany criticize 25 % car tariff for Trump as bad news for the United States, the European Union and Global Trade.
Inga Fishner and Rico Lowan, Economists at the Dutch Bank, said that although Germany’s most targeted Germany was exposed to value, Slovakia may feel the greatest impact.
“The auto industry in Germany is in the eye of the storm, and the most vulnerable in value, with the presence of two main players such as Volkswagenand BMWand MercedesAnd Porsche Ji said in a research note published on March 28.
“But Slovakia – the home of many auto factories – was exposed more than the size of the American export,” they added.
Call “Detroit Europe“Because of the prosperous car industry, Slovakia Produce More cars for the individual from any other country in the world.
The nation of 5.4 million people depends significantly on American trade, as cars represent a large part of its American exports and the sector indirectly employment More than 250,000 people.
Production can begin to shift to the United States
Ingan Loman said that there was a front load of car charges to the United States before Trump’s automatic tariffs and that “this will rest” after imposing measures.
“The supply chains will not be directed immediately and redesigned them amid the high uncertainty of investors, but if there is some time production will start moving to the United States,” Loman told CNBC via e -mail on Wednesday.
On the other hand, Loman said that Slovakia still has relatively low production costs, as local wages are much lower than Germany.
So, VW and Stelantis It is possible to seek to maintain the occupation rates of its factories in Slovakia (for ice models), and as such, the export setback can also affect production elsewhere in Europe, which will be replaced. “
National Flags of Germany, Left, Slovakia, Center, and Science that includes the VW logo outside the Volkswagen AG factory in Bratislava, Slovakia, on Friday, December 1, 2023.
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Vladimir Faw, the chief economist in Glosic, is a research tank based in the capital of Bratislava in Slovakia, formerly, Described The probability of Trump’s tariff as “worrying” of Slovakia, while indicating that it seems “very few” the country can do in the short term.
A spokesman for the Slovakia government was not immediately available for comment.
Slovakia is the largest number of sources in Europe for passengers to the United States, along with Sweden, with a value of 4 billion euros ($ 4.3 billion) from the United States in 2023, according to ing.
It is worth noting that Ji He said More than 73 % of Slovakia’s total exports to the United States consists of auto and auto parts, leaving the country sharply exposed to Trump’s definitions.
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