High US tariffs are creating a challenging environment for manufacturers, according to Frank-Steffen Walliser, chairman and CEO of Bentley Motors. Speaking to CGTN, Walliser highlighted the unpredictability and uncertainty in the markets, noting that “our customers are simply holding back on their decisions.”
Manufacturers worldwide are grappling with the impact of increased tariffs, introducing new hurdles in an already competitive industry. The resulting market instability has led to hesitation among consumers, affecting sales and future planning for companies like Bentley.
“It’s a very difficult situation for all manufacturers,” Walliser remarked. “Even more difficult is the unpredictability and the uncertainty in the markets.”
The automotive industry is closely watching these developments, as tariffs not only affect prices but also influence consumer confidence. As the global market adjusts to these changes, manufacturers and customers alike are seeking clarity and stability.
