The U.S. Department of Commerce and the Office of the U.S. Trade Representative published a Federal Register notice May 28 capping Section 232 national security tariffs on Taiwanese automobile parts at 15%, implementing the tariff terms of an investment agreement the two governments signed earlier this year.
The change is retroactive to goods entered for consumption on or after 12:01 a.m. Eastern time May 1. Because Taiwan is a significant source of aftermarket replacement parts for the collision repair market, the cap places a ceiling on the landed cost of those components — a factor that flows directly into repair
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.
Leave a Reply
You must be logged in to post a comment.