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The parade of industrial groups and foreign governments opposing President Donald Trump's auto tariffs begins to look like a traffic jam at peak hours.
Armed with the latest impact studies, a wide range of automotive interests warn Stakeholders present a united front against the unprecedented investigation conducted by the Trump administration on the issue of whether imports of cars and auto parts pose a threat to national security, according to a statement from the US Department of Commerce. a potential tariff of 25% to limit foreign competition would undermine the very growth of the manufacturing sector that the President seeks to obtain
The Commerce Department is holding a hearing by examining whether imports of passenger cars are endangering national security of the United States. The administration has received extremely limited support for the idea that foreign cars are undermining America 's ability to defend itself.
This is a stark contrast to the US survey on steel and aluminum imports earlier this year. In this case, steel producers and US metalworkers' unions lobbied for tariffs, which allowed Trump to cover shipments abroad politically.
Wilbur Ross, Secretary of Commerce, dissuaded the Trump administration. . His department received nearly 2,300 written submissions from industry groups, unions, foreign governments and individuals who commented on the investigation. "It is obviously too early to say whether this investigation will eventually lead to a recommendation under Article 232 for reasons of national security, as we did earlier with steel," adds the leader of a large group of car manufacturers. and aluminum, "said Ross." But President Trump understands just how vital the US auto industry is. "
The stakes are high for the global economy and the economy. global auto industry In recent weeks, investors have focused on the potential impact of US tariffs on Chinese imports, but tariffs on car imports could do even more damage – more than double the the amount of all other US tariffs already implemented or proposed, according to the International Monetary Fund.
Among the most favorable written comments, a survey of manufacturing losses in the United States and their effect on safety and security. Economic strength was "long overdue." Offshoring has hurt workers and begun to erode the technological advantage enjoyed by the United States for a long time. writes the union, yet he called for "targeted measures" to strengthen the US manufacturing sector, without advocating new tariffs for vehicles and components. "19659002" We warn that any reckless action could have unintended consequences, including massive layoffs for American workers, "General Motors Co. said in a memoir that it would face a tough choice if Trump goes on to With tariffs: raise prices for consumers and hurt sales, or swallow fare costs and move factories.In any case, this would mean lower job losses and lower wages for employees , and "a smaller GM" with "a reduced presence at home and abroad," said the largest US automaker
. Automotive research, commissioned by the National Automobile Dealers Association, provides that the price of a typical imported vehicle would increase by $ 6,875, while that of an American vehicle would go up by $ 2,270.
CAR, a think tank supported by the company. 9, the automotive industry, estimates that 2 million fewer vehicles would be sold and that the industry would lose nearly 750,000 jobs, including 117,500 in new car dealerships. Consumers would also feel rising prices for used cars due to rising demand and rising repair costs, said CAR
. Only a handful of 2,300 comments received by the Commerce Department support this idea and one-half of consumers recently surveyed (773) by Cox Automotive said that potential price increases will impact their next buying decision. vehicle. the type of vehicle envisaged, whether it is a new vehicle of opportunity or occasion certified, or an imported model or a domestically produced vehicle. And one in seven consumers would delay the purchase of a vehicle until rates are removed, with only 7% saying they would pay more for an imported vehicle than they would. wanted.
The trade went up in February to report its findings to Trump, who has the last word on all tariffs. The review covers auto imports, including SUVs, vans and light trucks, and auto parts. The administration is studying the security implications of Section 232 of the Trade Expansion Act of 1962, the same provision that the President used to impose the tariffs on the business. steel and aluminum.
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