Volkswagen has suspended all vehicle imports into the US following President Trump's 25% tariff on foreign-made vehicles, impacting numerous cars, particularly from its Audi brand. Thousands are stranded at ports, and while VW hopes for policy negotiation or reversal, they plan to introduce an 'import fee' on affected models. This disruption affects global supply chains, especially as Audi's Q5 SUV is produced in Mexico and the rest of the lineup imported from Europe. CEO Oliver Blume warned of broader negative consequences for the automotive industry and its consumers as the situation unfolds.
Volkswagen has halted all vehicle imports into the US due to a 25% tariff imposed by President Trump, affecting thousands of vehicles held at ports.
CEO Oliver Blume acknowledged that US tariffs may impact growth, stating, 'We share the assessment of most experts that...tariffs will have negative consequences for growth and prosperity.'
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