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Trump’s new tariffs on Bosch China would have a “fairly small” impact, president says
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TechNode
German automotive supplier Robert Bosch GmbH is only expecting a small impact from additional US tariffs on its China business thanks to the company’s global layout and a strong local supply chain, despite looming uncertainty over the overall operation, the president of Bosch China David Xu said on Thursday.
“Most of the materials used in our products are produced locally […] and since we’ve built a global layout, new US tariffs will have an impact on Bosch China but I think it’ll be a relatively small impact,” Xu said.
Nevertheless, China’s new export controls on rare earths has a certain impact on Bosch temporarily, as it’s essential for the production of electric motors.
US President Donald Trump’s move to impose a 145% levy on Chinese imports has forced automakers to reassess their plans.
Tesla has suspended sales of its imported vehicles in China while also trying to get a special export permit from Beijing to make humanoid robots with magnets.
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