US trade deals restore visibility and market access

The PCTC market received a boost in July as the U.S. reached tariff agreements with key automotive export nations. New bilateral deals with Japan, South Korea, and the European Union have locked in a 15% ceiling on U.S. auto import tariffs – down from rates as high as 25–30% previously imposed or threatened. It is worth noting that, while these tariffs represent a reduction from the previously announced levels, they are still 15% higher than pre-Trump levels.

Stability returns for vehicle trade
The agreements, however, provide clarity for global carmakers and PCTC operators alike. Japan and South Korea pledged a combined $900bn in U.S. investments and energy purchases in return for tariff relief, while the EU committed to $750bn in U.S. energy imports and $600bn in long-term investments. These trade commitments reflect deeper economic alignment and support continued seaborne car exports into the U.S. – the world’s largest vehicle import market.

Market Outlook: Stable Trade Flows and Sustained Demand
With trade tensions easing and consumer demand remaining resilient, the outlook for the PCTC market continues to strengthen, supported by renewed trade stability and solid demand drivers. The restoration of tariff stability and long-haul trade routes – particularly to and from the U.S. – is expected to further support volumes. However, increased fleet growth in the coming years remains the primary headwind we foresee for the market.