McRocket
Gold Member
- Apr 4, 2018
- 5,031
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'According to the Nikkei Asian Review, Honda Motor Company will expand the output of its Acura luxury vehicles in China by shifting production overseas for its SUV model, rather than importing it from the US.
The shift in production could be problematic for the company's Anna, Ohio engine plant; the all-wheel-drive system plant in Russells Point, Ohio; its transmission plant in Tallapoosa, Georgia; and the SUV's assembly line located in East Liberty, Ohio, which have been supplying parts and finished vehicles to the world's second-largest economy.
As we have explained before, the protectionist crusade of the Trump administration has caused tremendous harm to complex international supply chains, the repair of which will be expensive and will be profoundly disruptive to future business planning and investment plans.
On Monday, we showed how other automakers are taking similar steps to avoid tariffs including Volvo, which is now canceling US production plans for much of its lineup to avoid duties the US and China have enacted on auto imports.
President Trump imposed tariffs of 27.5% on Chinese auto imports in July. China then retaliated with 40% duties on American autos.
The new Chinese-made Acura RDX will be produced by Guangzhou Automobile Group and Dongfeng Motor Group located southeastern China.
Production of the new RDX started late summer at the Guangzhou Automobile plant. Previous versions of the car sold in China were imported from the US, a blow to Acura's manufacturing facilities stateside that could experience a tremendous slowdown in production.
...'
Another One Bites The Dust: Honda Shifts US Production Of SUV To China Amid Trade War
Yet another example of how Trump's monumentally stupid tariffs will end up hurting America FAR more then they will help it.
The shift in production could be problematic for the company's Anna, Ohio engine plant; the all-wheel-drive system plant in Russells Point, Ohio; its transmission plant in Tallapoosa, Georgia; and the SUV's assembly line located in East Liberty, Ohio, which have been supplying parts and finished vehicles to the world's second-largest economy.
As we have explained before, the protectionist crusade of the Trump administration has caused tremendous harm to complex international supply chains, the repair of which will be expensive and will be profoundly disruptive to future business planning and investment plans.
On Monday, we showed how other automakers are taking similar steps to avoid tariffs including Volvo, which is now canceling US production plans for much of its lineup to avoid duties the US and China have enacted on auto imports.
President Trump imposed tariffs of 27.5% on Chinese auto imports in July. China then retaliated with 40% duties on American autos.
The new Chinese-made Acura RDX will be produced by Guangzhou Automobile Group and Dongfeng Motor Group located southeastern China.
Production of the new RDX started late summer at the Guangzhou Automobile plant. Previous versions of the car sold in China were imported from the US, a blow to Acura's manufacturing facilities stateside that could experience a tremendous slowdown in production.
...'
Another One Bites The Dust: Honda Shifts US Production Of SUV To China Amid Trade War
Yet another example of how Trump's monumentally stupid tariffs will end up hurting America FAR more then they will help it.
