This exchange allows manufacturers to recover import tariffs paid for vehicles in the past five years, said Jedd Lancaster, sales manager with customs broker Alliance Drawback Services. The provision allows automakers to recover tens of millions of dollars as the amount returns “to the company’s bottom line.”
General Motors is the only other US-based automaker importing made-in-china vehicles. GM reportedly retrieves “a small portion” of the tariffs paid for the Buick Envision crossover made at the SAIC-GM plant in Shanghai.
Car Car Latest News, Car Car Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: InsideEVs - 🏆 579. / 51 Read more »