financetom
Business
financetom
/
Business
/
Car shipper says US tariff haze still affecting auto trade flows
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Car shipper says US tariff haze still affecting auto trade flows
Aug 12, 2025 3:47 AM

*

Tariff uncertainty affecting car shipments to US, shipper

says

*

New 15% tariff not implemented yet, leaving higher rate

for now

*

Carmakers held back shipments in early Q2, volumes rose

later

(Adds details from paragraph 2 on shipment pattern from

customers, CEO quote, background)

By Marie Mannes

STOCKHOLM, Aug 12 (Reuters) - Europe's car exporters are

still struggling with uncertainty over U.S. tariffs despite last

month's trade deal, Wallenius Wilhelmsen ( WAWIF ), the operator

of one of the world's largest car-carrier fleets, told Reuters

on Tuesday.

The U.S. and European Union struck a trade deal in late July

that saw U.S. import tariffs on most goods from Europe,

including cars, set at 15%. Cars had initially faced a 27.5%

levy after U.S. President Donald Trump hiked tariffs this year.

However, the new 15% rate has not yet been implemented for

cars, meaning that Wallenius customers such as BMW,

Mercedes-Benz and Volvo Cars still face the

higher rate.

The absence of an executive order from Trump lowering the

autos tariff has left the industry holding its breath for

potential last-minute changes.

"So far we actually do not know exactly what the tariff

level will be. Our customers do not know either, so it is too

early to say what they'll do," Wallenius CEO Lasse Kristoffersen

said following the company's quarterly results.

While carmakers raced earlier this year to ship cars to the

U.S. ahead of the tariff hike to 27.5%, the opposite happened at

the start of the second quarter, Kristoffersen said.

"We saw that they held more back in the start of the second

quarter but that volumes increased throughout the quarter," he

said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Copyright 2023-2026 - www.financetom.com All Rights Reserved