With tariffs increased, the auto glass industry is feeling the pinch
“The Trump administration increased tariffs from 10% to 25% on $200 billion worth of Chinese products Friday, including auto glass and related materials. Days before the announcement, the administration made tweets suggesting that increases would occur prior to scheduled negotiations with China. Among the auto glass and automotive-related materials included are: glass mirrors, glass frit, laminated safety glass and various float glass products.
According to Key Media & Research’s (KMR) analysis of Census Bureau trade data, the U.S. imports close to $300 million in laminated safety glass for vehicles, primarily windshield glass, from China.”
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In a war of who blinks first (U.S. or China), it’s the consumers who are caught in the crossfire. The main question is if the supply is greater than demand? Of course, this applies to more than just auto glass products. However, considering that in the span of 13 years imported auto glass from China increased by over 400%, it’s clear that the effect could be quite significant. Hopefully, a resolution to this stand-off will happen soon.
While we can’t control the prices of auto glass, we strive to offer competitive and quality auto glass repair service. Give us a call at 612-343-8984 for more information.