SEMA continues to gain clarity on President Trump's new policies and how they will affect specialty automotive aftermarket businesses.
SEMA has the latest information on tariff developments and how they will impact the specialty-equipment industry.
In a significant step toward preventing a trade war, both countries will reduce tariffs imposed in 2025 by 115%.
The shift follows significant efforts by SEMA to help the Trump administration understand the impacts of tariffs on domestic companies.
We are highlighting the needs of the $337 billion automotive aftermarket industry to ensure the nation's manufacturing prowess.
The executive order imposes a baseline tariff on imports from all countries, along with reciprocal tariffs on approximately 60 countries.
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The 25% tariff will impact completed light-duty vehicles along with some automotive parts and components.
U.S. Commerce Secretary Howard Lutnick shared that the president's extension will likely cover all USMCA-compliant automotive businesses.
The webinar will discuss recent announcements on steel and aluminum and the president's proposed reciprocal tariffs.