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CNN Prima News | Tariffs on cars from Europe? Czech Republic will be affected only marginally

European carmakers have been investing in the US for decades and therefore consider the introduction of tariffs a low blow. Donald Trump's decision to impose 25% tariffs on cars made outside the US has also been criticised by the European car industry association ACEA. According to the manufacturers, the new measure will also indirectly affect the Czech company Skoda and its suppliers. How big a hit this will be depends on the specific list of products to which the duties will apply - which is not yet known. However, the Ministry of Industry and Trade reassures that the impact on the Czech Republic should be rather moderate. Filip Křenek, an analyst at the EUROPEUM Institute, commented on the situation for CNN Prima News.

In the Media

27. March 2025

The duties imposed by the US President are to apply only to complete vehicles in the first phase. This should not affect the Czech automotive industry too much, as exports of already completed cars to the USA make up only a very small part of Czech exports. For the largest European carmakers, VW and Stellantis, it will depend mainly on how the new tariffs are applied to Canada and Mexico, which together with the United States form the North American Free Trade Area (USMCA).

Read the full article here.