The Biden Administration has reinstated 352 from U.S. “Section 301” tariffs on Chinese imports, effective retroactively from October 12, 2021 and extended through Dec. 31, 2022, said the USTR. The move covers a wide range of Chinese products worth around… Read More ›
car parts
Unrealizable production of magnesium by China, adds to headwinds facing automakers
In recent days, European automakers who are already reeling from the global chip shortage have hastened to reassure shareholders that shortages in magnesium do not, for now pose a risk to production plans. Car part suppliers and industry associations have… Read More ›
Bosch to invest up to $100M in Mexico
In a statement, Bosch, the world’s largest car parts supplier said, it plans to invest up to $100 million in Mexico this year; the development sees a 15% increase, mostly in new manufacturing lines and digitization projects. The resources will… Read More ›
British car parts will attract EU tariffs, with or without a deal: BBC
In a report the BBC said, the UK has so far failed to persuade the EU to accept car parts from Japan and Turkey as British when they are used in Britain, thus implying that such automotive exports from Britain… Read More ›