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Volkswagen to introduce 'import fee' on tariff-hit cars, WSJ reports

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Volkswagen will introduce an "import fee" on vehicles affected by 25% tariffs imposed by U.S. President Donald Trump, the Wall Street Journal reported on Wednesday.
Volkswagen AG plans to introduce an import fee on vehicles affected by U.S. tariffs, as reported by The Wall Street Journal. This decision comes in response to the ongoing trade tensions between the U.S. and China, which have led to increased tariffs on various goods, including automobiles. The import fee is intended to offset the costs incurred due to these tariffs, ensuring that Volkswagen can maintain its pricing strategy in the U.S. market. This move reflects the broader challenges faced by global automakers navigating the complexities of international trade policies and tariffs.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/volkswagen-to-introduce-import-fee-on-tariff-hit-cars-wsj-reports/ar-AA1CeD3i ]