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Automakers and builders warn that President Donald Trump […] Donald TrumpScaramucci warns that Trump must "change tactics" on trade Trump seeks to buy a historic Scottish building for the hotel : Report Republican Wants to Replace Farenthold in Congress Pressure from tariffs on imported cars could cost jobs in the United States and hurt the economy.
Business groups sent comments this week to the Commerce Department, which is investigating whether the tariffs of section 232
General Motors Co. issued a stern warning to the company. Trump administration, claiming that a 25 percent duty would likely lead to a reduction in US operations and job cuts
. Import duties on automobiles are not adequate to advance the objectives of the US economic and national security objectives. This could lead to a smaller GM, a reduced presence at home and abroad for this iconic American company, and risk less – not more – US jobs, "GM wrote in comments submitted Friday
GM, the largest US automaker. "The threat of high tariffs on imports of motor vehicles and components may compromise GM's competitiveness with foreign automakers by erecting large-scale trade barriers that increase our global market. costs, remove a key way to compete with manufacturers in low-wage countries, and promote a business environment in which we could retaliate in other markets, "wrote GM
., providing for Temporary exemptions for close trading allies, including Canada, Mexico and the European Union.
The exemption, however, was revoked in May when Trump levied a 25 percent duty on steel imports and a 10 percent duty on aluminum imports, provoking retaliation on the part of its allies
Trump argued that his administration was imposing tariffs in the interest of US National Security 232 laws
In May, Trump called for an investigation into whether auto imports pose risks to national security.
The US Chamber of Commerce is strongly oppo to Trump's tariff plan. "In fact, the American automotive industry thrives, and the vast majority of industry stakeholders do not support these proposed rates," he added.
The National Council of Foreign Trade (NFTC) said that auto tariffs would increase costs for automakers, which would ultimately hit customers.
NFTC President Rufus Yerxa said, "Today, NFTC has joined the US auto industry in opposing new tariff barriers on automobiles and auto parts. under section 232 because such a measure would make it impossible to sell cars abroad Yerxa said:
Last year, the United States exported 2 million 39 cars, but, according to Mr. Yerxa, this number may increase if the auto market is more competitive and more dynamic. "The new tariffs on automobiles and parts, especially in addition to already high tariffs for steel and aluminum, will drastically increase production costs for our automotive industry, "he adds. He added: [traduction]
although it does not include has not filed comments with the Department of Commerce, Ford Motor Co. "As America's first exporter "We believe that lower rates in all markets will support growth and employment," Ford said in a statement to The Hill
. working with business partners to support policies that remove rather than create new barriers to trade. "
About 80% of what Ford sells in the United States is built in the United States. 19659003] The President of the Japan Association of Automobile Manufacturers (JAMA) said that his group was "gravely concerned" by the Department's investigation, saying that this "would create uncertainty for motorists in the United States and in the auto industry. "
According to JAMA, tariffs could raise the price of an imported car by $ 30,000 and bring down 195,000 American workers to 195,000." The very basis of the investigation under Article 232 is false, "said JAMA. [1 9659004] In its filing Friday, the National Association of Manufacturers said the rights of Trump were in danger of undermining the sector, and ally "[giving] a benefit to foreign production at the expense of American manufacturing, employment growth and US national security. "
Global Automakers, which represents automotive giants such as Honda, Subaru and Toyota, blasted the Trump administration 's investigation, claiming that the Commerce Department did not go out of business. Had not clarified his theory on national security.
"America is not going to war in a Ford Fiesta," said the group.The auto production has doubled over the last decade, and the sector employs nearly 8 million Americans, nearly 50% more than in 2011, according to the US Chamber of Commerce.
Trump last week threatened auto imports into the aim of encouraging the leaders of the European Union to seek trade negotiations with the United States
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