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USA - Auto Alliance Says No Thanks to Auto Tariffs
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The Alliance of Automobile Manufacturers, which represents most major carmakers in the United States, came out strongly in opposition to possible tariffs on imported cars and auto parts. (While a formal Section 232 investigation about possible tariffs is still ongoing at the Department of Commerce, President Trump tweeted late last week that “If [EU] Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars.”)
The Alliance released data arguing that the tariffs would amount to a tax of $45 billion on U.S. consumers, adding: "We believe that the economic security of the auto industry and country would be strengthened through modernizing NAFTA to grow U.S. manufacturing and jobs, concluding a U.S.-EU Trade Pact to address trade barriers on both sides of the Atlantic and seeking other opportunities to expand market access for U.S. auto exports.”
For its part, the Aluminum Association shares some of the concerns expressed by our automotive customers and others about the potential disruption such tariffs could cause for automotive part supply chains built up over decades. Consistent with our position in the aluminum 232, we believe that any action on auto tariffs should exclude from consideration our vital trading partners and allies that operate as market economies.
Source: The Aluminum Association
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