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Detroit – On Thursday, French automaker PSA confirmed its plan for a gradual return to the US market, although Washington threatened to impose tariffs of up to 25% on vehicle imports.
makes the brands Citroën, Peugeot and Opel, "confirms the implementation of its 10-year progressive return project in North America", as announced in April 2016. "19659002] The automaker, which left the United States in 1991, began its comeback in 2016 with the introduction of its Free2Move application "which gives access to all car-sharing providers." The second phase will use PSA vehicles to "develop mobility solutions, "then US sales of brands for which" local production is taken into account. "The statement comes two days after Larry Dominique, CEO of PSA North America, told reporters that the threat US tariff could delay the company's return. "Tariffs would affect the speed and price of returning to the US market."
In May, US President Donald Trump embarked on a formal process that it could lead to an increase in US tariffs on all imported vehicles and parts – goods valued at hundreds of billions of dollars a year
. On Thursday, vehicle manufacturers and parts suppliers, as well as several governments, expressed widespread opposition to the tariff threat, the latest in the Trump multi-front trade war.
A final decision on auto rates is expected to take two months.
Dominica also said on Tuesday that a new free trade agreement that Canada was offering included duty-free imports of cars manufactured in Europe, which meant that PSA could return to the North American market.
AFP
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