VW's Traton sees no significant impact from U.S. tariffs
VW's Traton sees no significant impact from U.S. tariffs
Published by Global Banking and Finance Review
Posted on March 10, 2025
Published by Global Banking and Finance Review
Posted on March 10, 2025
(Reuters) - Traton does not see a significant impact from U.S. tariffs on imports from Mexico in the short term, Volkswagen's truck unit said during a post-earnings call on Monday.
This comes even as 65% of the 70,000 trucks supplied by the German group to the U.S. last year were assembled at its Mexico plant.
Last week, U.S. President Donald Trump postponed 25% tariffs on Mexico and Canada for automakers by one month on vehicles that comply with the 2020 U.S.-Mexico-Canada Agreement's rules of origin.
(Reporting by Andrey Sychev, editing by Thomas Seythal)
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