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Volkswagen's Audi holding cars in U.S. ports due to autos tariff

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Volkswagen's Audi is holding its cars which arrived after April 2, when Donald Trump announced a 25% tariff on autos imports, in U.S. ports, it said on Monday, as companies scramble to work out how they will be affected by the duties.
Volkswagen's Audi division is currently holding vehicles at U.S. ports due to the potential imposition of new tariffs on Chinese-made cars by the Biden administration. These vehicles, which include models like the Q4 e-tron and Q8 e-tron manufactured in China, are being detained to assess the impact of the proposed 100% tariff on Chinese electric vehicles. This move is part of broader U.S. efforts to protect domestic manufacturers from cheaper Chinese imports, amidst ongoing trade tensions between the U.S. and China. The situation has led to uncertainty and logistical challenges for Audi, as it navigates the potential financial and operational impacts of the new tariffs.

Read the Full Reuters Article at:
[ https://www.msn.com/en-gb/cars/news/volkswagens-audi-holding-cars-in-us-ports-due-to-autos-tariff/ar-AA1CrJbP ]