Automakers unite against proposed Trump tariffs
Source: The Hill
BY NIV ELIS - 08/20/18 05:28 PM EDT
Eight auto associations have banded together in what they say is an unprecedented coalition to oppose new tariffs President Trump has proposed on foreign autos, saying they represent a “significant threat” to the U.S. economy.
The coalition, calling itself the Driving American Jobs Coalition, says that the proposed import taxes would raise auto prices across the board by as much as $6,900, making it harder for consumers to buy cars, lowering sales for auto dealers, and leading to job losses in the industry.
“The impact of these proposed tariffs are especially harmful to American jobs because they would hurt U.S. employment across the supply chain,” said Matt Blunt, a former governor of Missouri and the head of the American Automotive Policy Council, one of the eight groups in the new coalition.
That group includes the major U.S. automakers Ford, Chrysler and General Motors, which employ about 250,000 people in the United States. Two of the eight associations, in particular, include foreign automakers, some of which have factories in the United States: the Association of Global Automakers, which includes Honda, Hyundai, Toyota, Subaru, Nissan and Ferrari; and the Auto Alliance, which includes Volkswagen, Volvo, Mitsubishi, Mercedes and BMW.
Read more: http://thehill.com/policy/finance/402738-automakers-unite-against-proposed-trump-tariffs
