Hearing at the US Department of Commerce: the US auto industry warns against tariffs



[ad_1]

The critical voices surrounding car import tariffs threatened by US President Trump are getting stronger and stronger. Even in their own country, critics are growing: even American manufacturers are opposed to higher tariffs.

Representatives of the country 's auto industry and abroad warned the US government at a hearing at the Ministry of Commerce against threatened import tariffs. US manufacturers have also argued against higher prices for imported cars. A lobby group of US auto dealers has warned that tariffs would reduce sales of two million vehicles a year. He submitted a study suggesting that tariffs could cost more than 117,000 dealer jobs, or about 10% of jobs

. A group of 150 MEPs called for a tariff exemption in a letter to all parties.

Additional Fees Mean Deep Reductions

Additional fees would mean a profound reduction in the interdependence of businesses and jobs in the United States. Bernhard Mattes, president of the German Industrial Association, at a hearing of the US Department of Commerce.

Also expresses the Alliance of American Automobile Manufacturers, which includes American builders such as General Motors and foreign producers such as Volkswagen and Toyota. "Higher auto taxes will not only hurt the economy, but also American families and workers," said Jennifer Thomas, vice president of the badociation. The price of an imported car would increase by almost $ 6,000 and that of a $ 2,000 American car

Audiences are part of the ongoing process of new rates. The department is investigating whether the national security of the United States is threatened by excessive imports. With the argument of "national security", the government had already increased tariffs on steel and aluminum

The boss of Webasto threatens layoffs

Holger Engelmann, boss of Webasto, a traditional automotive supplier in Upper Bavaria, went especially to Washington, "They taught us in Germany after the Second World War the importance of free trade and open markets, and we learned that this is the only way to go. was a catalyst for the success of their nation, so I hope they make the right decision. "

Webasto has six sites in the United States, employing 1,800 people. Not only did Engelmann appeal emotionally, but he also threatened: "We would face a situation that weighs heavily on our US factories, which could result in further investment, further development and a reduction significant workforce. "Engelmann was one of dozens of industry representatives who had signed up for hearings

Rushes with Unexpected Consequences [19659005] Something had to be done – that was the argument of the United Auto Workers Union Union representative, Jennifer Kelly, said that auto production in the United States has decreased over the last 17 years and that more than 400,000 jobs have been lost, some of them having gone to lower prices. "We know that the auto industry is global, with complex supply chains", has Declar Kelly: "We warn that unthinking acts can have unintended consequences, including mbadive layoffs, but that does not mean we should not do anything."

Six billion euros of economic output

Should the United States impose the tariffs threatened on imported cars? According to the German Chamber of Commerce and Industry (DIHK), the German economy costs about six billion euros of economic output.

He takes threats from US President Trump "very seriously," said DIHK President Eric Schweitzer. ] Morgenmagazin by ARD and ZDF . These tariffs would be "internationally illegal". In addition, they would not only cost jobs in Germany and Europe, but would also find jobs and investment in the United States.

The way the US government decides is still open. Trade Minister Wilbus Ross told the audience that it was too early for that. Trump had threatened to impose a 20% import duty on European cars if the EU did not reduce their trade barriers.

According to information from Jan Bösche, ARD studio in Washington.

[ad_2]
Source link