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With the Court of Appeals temporarily restoring 25% Tariffs, costs, supply chains, and the policy landscape remain uncertain.
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About 44% of the new vehicles sold in the U.S. last year were imported from countries across North America, Europe, and Asia.
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The EU has planned to issue retaliatory tariffs in response.
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The average age of New Zealand cars has reached 14 years for an increase of 3.5 years in the past 15 years.
Read More →Even though the Japanese Voluntary Restraint Agreement (VRA) was supposed to be "voluntary" (U.S. trade officials pressured) and temporary (originally designed to give domestics five years to "catch up") when announced in May 1981, it still stands today.
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Distinction between domestic and imports fading as world class cars emerge.
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