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A group representing major automakers will tell the US Department of Commerce that charging 25% duty on imported cars and parts would raise US vehicle prices by $ 83 billion a year and cost Hundreds of thousands of jobs
The Alliance of Automobile Manufacturers, whose members include General Motors, Volkswagen and Toyota Motor Corp., said it planned to issue the warning when of a public hearing on Thursday.
"Higher car rates will hurt American families and workers, with the economy" and "increase the price of a car imported nearly $ 6,000 US and the price of a car built in the United States of US $ 2,000, "said the group.
The European Union, Japan, Canada The Mexican government, as well as many automobile trade groups, Volkswagen and the United Auto Workers union are among those who have to testify to the fact. hearing.
The Trump administration launched in May an investigation into whether the imported vehicles the US Department of Commerce claims to have made no decision and to aim to complete the investigation " within a few months ".
The auto industry has rallied in a far-reaching campaign to oppose tariffs, companies warning against slower auto sales due to rising prices, the loss of jobs and the reduction of expenses for autonomous cars.
Jim Lentz told Reuters that "Toyota and the entire automotive industry are facing a very dangerous threat to the government – a potential 25% tariff on all imported cars and auto parts – and we have need YOU to help us win. this battle! "
John Bozzella, who heads the Association of Global Automobile Manufacturers, which represents Honda, Hyundai and other foreign automakers, said the trade" up until now " not been able to describe any theory explaining how trade Domestic production of cars and trucks is related to the national security of the United States.
Many automakers have chosen not to testify at the hearing because they believe that Trump can not be influenced by his decision to impose rates. his threats are a tactic to gain concessions in trade negotiations, including renegotiations of the North American Free Trade Agreement.
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