AGM Automotive is a global supplier of interior trim, lighting and electrical components. UHY LLP, Michigan, US, provided global tax and audit services. UHY Hacker Young, London, UK, provided consultancy on sales tax. In China, ZhongHua CPAs, provided statutory audit services to AGM’s Chinese subsidiaries. UHY’s member firm in Netherlands, Govers Accountants/Consultants, advised on corporate structuring and a potential joint venture.
• Duties now cost 1.24% of $8.3tn in G8 imports
• ‘Trump tariffs’ on steel, aluminium could see duties rise even further