Nissan’s Decision to Halt New Orders of Infiniti SUVs: A Response to New Auto Tariffs
On Thursday, Nissan Motor Co. announced that it will cease taking new orders for two Infiniti SUVs built in Mexico for the U.S. market, following the implementation of new auto tariffs imposed by President Donald Trump. The tariffs, which took effect on July 6, 2018, are a response to the ongoing trade dispute between the U.S. and Mexico.
Impact on Nissan
Nissan’s decision to halt new orders comes as a response to the 25% tariff on imported Mexican-made SUVs. The tariffs will significantly increase the cost of production for these vehicles, making them less competitive in the U.S. market. Nissan’s decision to stop taking new orders is an attempt to mitigate these increased costs and preserve profitability.
Effect on Consumers
The halt in new orders for the Infiniti QX50 and QX60 SUVs built in Mexico may lead to a shortage of these models in the U.S. market. Consumers who were planning to purchase these vehicles may need to consider alternative options. Additionally, the tariffs may result in higher prices for these and other imported vehicles, making them less affordable for some consumers.
Global Implications
Nissan’s decision to halt new orders is just one example of the broader implications of the ongoing trade dispute between the U.S. and Mexico. The tariffs may lead to increased prices for consumers in both countries, as well as potential job losses in the automotive industry. Furthermore, the dispute may have ripple effects on other industries, including agriculture and technology, as well as on global economic stability.
Conclusion
Nissan’s decision to halt new orders of two Infiniti SUVs built in Mexico for the U.S. market is a response to the new auto tariffs imposed by President Donald Trump. The tariffs will significantly increase the cost of production for these vehicles, making them less competitive in the U.S. market. Consumers may experience a shortage of these models, as well as higher prices for imported vehicles. The dispute between the U.S. and Mexico has broader implications, including potential job losses and ripple effects on other industries and global economic stability.
- Nissan halts new orders of Infiniti SUVs built in Mexico for the U.S. market
- New auto tariffs imposed by President Donald Trump take effect
- Tariffs significantly increase cost of production for Infiniti SUVs
- Shortage of Infiniti QX50 and QX60 SUVs in U.S. market
- Higher prices for imported vehicles
- Broader implications for other industries and global economic stability
