Brazil expands automotive trade agreement with Argentina On June 17, it was reported that acting President Geraldo Alckmin signed a decree expanding the automotive trade agreement between Brazil and Argentina. The measure updates the Economic Complementation Agreement No. 14 (ACE-14), originally signed in 1990, by incorporating its 46th additional protocol. The new terms allow more flexible market access for buses, vans, and trucks up to 5 tons a...

News  Updated at: 2025/06/20

BYD confident on approval to reduce import tariff on SKD vehicles to 10% in Brazil On May 30, BYD Brazil's VP Alexandre Baldy expressed confidence in the approval of the company’s request to reduce the import tariff on SKD (semi-knocked down) vehicles to 10% for the first 12 months of operation. The Dolphin Mini EV will be the first model assembled at the Camaçari plant, potentially followed by the hybrid Song Pro. While the Brazilian automoti...

News  Updated at: 2025/06/04

Stellantis net revenues drop 14.1% in Q1 as it revises production plans amid tariffs On April 30, Stellantis reported Q1 2025 financial and shipment results, with net revenue down 14.1% to EUR 35.8 billion, mainly due to lower sales, regional mix changes, and unfavorable price adjustments.  In Q1, shipments fell by 8.8% YoY to 1.2 million with extended production downtime in North America and lower LCV volumes in Enlarged Europe. Total new vehic...

News  Updated at: 2025/05/01

Geely postpones approval for vehicle production at Renault’s plant in Brazil On April 11, it was reported that Geely is postponing the approval of its vehicle production plan at Renault’s plant in São José dos Pinhais, Paraná. Although a production agreement was signed in February, alongside plans to begin importing vehicles starting in July, Geely has delayed confirming local manufacturing. Renault Latin America CEO Luiz Fernando Pedrucci...

News  Updated at: 2025/04/14

Toyota considering production of BEV Hilux in Argentina to reduce tariff exposure On April 9 it was announced that Toyota is considering the option of manufacturing its Hilux pickup as a BEV version at the Zárate plant in Argentina from 2026. The electric Hilux, first introduced as a concept in late 2022, has undergone three years of testing and is expected to hit the market in the coming months, beginning with production in Thailand. Argentina ...

News  Updated at: 2025/04/11

Brazilian auto parts trade deficit deepens with rising imports On April 2, Sindipeças reported that Brazil’s auto parts trade deficit reached USD 2.54 billion in the first two months of 2025, a 40.3% increase compared to the same period in 2024. This was driven by a 24.6% rise in imports, totaling USD 3.7 billion, while exports remained almost the same at USD 1.2 billion. In February alone, the deficit hit USD 1.1 billion, 49.7% higher than in...

News  Updated at: 2025/04/07

Trump's 25% tariff alarms auto parts industry in Brazil On April 2, Brazil’s auto parts association Sindipeças expressed major concern over the newly announced 25% import tariff by Donald Trump’s administration on vehicles and auto parts, highlighting this as the biggest threat to the sector in 2025. In 2024, Brazil exported USD 1.3 billion in automotive components to the U.S., making it the second-largest export market after Argentina. Alth...

News  Updated at: 2025/04/04

President Trump announces new reciprocal tariffs on imported goods On April 2, U.S. Donald Trump made his long-awaited speech on reciprocal tariffs. Calling the date of the event Liberation Day, Trump explaining how the world has been penalizing the U.S. until now, and explained his concept of what reciprocal tariffs actually mean. Trump noted there are many other restrictions to trade that exist beyond monetary tariffs. Non-monetary barriers, Tr...

News  Updated at: 2025/04/03

Brazil expected to seek new markets to export steel due to U.S. tariffs U.S. President Donald Trump confirmed a 25% tariff on steel and aluminum imports from all countries, including Brazil, the second-largest supplier of steel and iron to the U.S. For the country, the impact will be significant, as nearly 48% of its steel and iron exports are destined for the American market. In 2024, Brazil exported USD 4.67 billion in these products to the U.S...

News  Updated at: 2025/03/26

U.S. tariffs on aluminum and steel come into effect on March 12 On March 12 at 12:01 a.m. EST, U.S. tariffs on aluminum and steel that U.S. president Trump imposed come into full effect. Trump had issued two proclamations on February 10, Adjusting Imports of Aluminum into the United States and Adjusting Imports of Steel into the United States, modifying the steel and aluminum tariffs that he had originally imposed in 2018 under Section 232 of the...

News  Updated at: 2025/03/08

CES 2025: Trump tariffs spur global auto suppliers to rethink production locations On January 9, at a roundtable discussion at CES 2025, global auto suppliers said they are currently exploring how to move production closer to the U.S. to counter potential tariffs promised by President-elect Donald Trump. Trump has discussed a blanket 10% on global imports and 60% tariff on Chinese goods, as well as a 25% tariff on imports from Canada and Mexico s...

News  Updated at: 2025/01/10

Anfavea and Acea celebrate trade agreement of Mercosur and the European Union On December 9, the automotive associations Anfavea (Brazil) and Acea (Europe) welcomed the finalized trade agreement between Mercosur and the European Union, announced at the 65th Mercosur Summit in Montevideo, with presidents Luiz Inácio Lula da Silva and Ursula von der Leyen present for the announcement.   The agreement includes tariff reductions, which for most goo...

News  Updated at: 2024/12/10

Brazil modifies free trade agreement with Mexico for trucks and buses, Paraguay autos On September 23, Brazil and Mexico agreed to postpone their free trade agreement for trucks and buses, which came into force on July 1, 2020. According to Decree No. 10.495 published in the Official Gazette of the Union on September 24, the two countries agreed to a modified transition period that will last three years, until July 1, 2023, with a progressive red...

News  Updated at: 2020/09/26

Brazil, Argentina sign automotive trade agreement to be tariff-free by 2029 On September 8, the governments of Brazil and Argentina signed the new automotive agreement that provides for the liberalization of vehicle trade between the two countries in ten years. The number of vehicles imported without tariffs will gradually rise until both countries reach free trade in 2029. The new pact is expected to facilitate investment decisions by automakers...

News  Updated at: 2019/09/11

ket of approximately 270 million people, where 3.3 million new cars were sold last year. The EU exported 73,000 cars to the region in 2018, representing 2.2% of the total market. By contrast, some 234,000 cars were imported into Mercosur from other countries, accounting for almost 8% of the market. Tariff rates for motor vehicles are currently up to 35% in Brazil and Argentina. In the future, tariffs will be reduced. In addition, the EU auto part...

News  Updated at: 2019/07/02

Toyota Argentina launches 2019 RAV4 Hybrid, Lexus brand in 2020, produces Hilux GR Sport in Zarate On April 29, Toyota Argentina announced that in May it will launch the RAV4 SUV in Argentina, but only in hybrid form.Toyota Argentina has asked the Argentine government for permission to import 842 units with the tax benefit for hybrid vehicles, which is a 5% customs tariff, instead of the usual 35%.The 2019 RAV4 Hybrid will be imported from Japan....

News  Updated at: 2019/05/03

GM pledges compliance with labor agreement until 2020 after protest in Gravataí, Brazil On February 1, after a worker protest that lasted almost four hours in front of the General Motors plant in Gravataí, Brazil, GM said it will comply with the current collective bargaining agreement until March 2020 and has committed to continue with the Profit Sharing Program (PPR) and salary increases in April."General Motors and the Metalworkers' Union of ...

News  Updated at: 2019/02/05

Audi, BMW, JLR, Mercedes-Benz press Brazil government for exemptions, definitions On June 26, representatives of Audi, BMW, Mercedes-Benz and Jaguar Land Rover met in Brasilia to press the Brazilian government for definitions regarding its Route 2030 industrial sector development program and reduced taxation of imported components needed for the cars assembled in the country. The official subject of the meeting was "tariff regime for engines", re...

News  Updated at: 2018/07/07

Uruguay asks Brazil for revision to bilateral trade agreement The government of Uruguay has asked the Brazilian government to review the bilateral automotive agreement that they have had since January 2016. According to Antonio Megale, President of Anfavea, the Brazilian vehicle manufactures association, the Uruguay government claims that trade is unbalanced since more Brazilian-made vehicles enter the Uruguayan market than exports of its vehicle...

News  Updated at: 2018/06/29

Mercosur bloc offers to halve import tariff on EU cars In efforts to advance trade negotiations which began in 2016, the Mercosur trade bloc, consisting of Brazil, Argentina, Paraguay and Uruguay, is reported by local media to offer a discount of 50% in import duties for vehicles from the European Union.The offer would lower tariffs on European vehicles from the current 35% to 17.5% on a given volume, not yet clarified, for a period of seven year...

News  Updated at: 2018/06/27