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Supplier Group Wants Trump Meeting on Border Taxes
Suppliers are asking for a chance to explain to the Trump Administration why disruptive border taxes on auto parts would hurt U.S. employment.
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Suppliers are asking for a chance to explain to the Trump Administration why disruptive border taxes on auto parts would hurt U.S. employment.
The Motor & Equipment Manufacturers Assn. has sent separate letters requesting meetings with Vice President Mike Pence and Commerce Secretary Wilbur Ross, Automotive News reports.
MEMA CEO Steve Handschuh tells AN that auto-related manufacturing jobs in the U.S. have increased nearly 20% since 2012. He credits the gain in part to an integrated supply chain in North America.
MEMA’s concerns focus on the North American Free Trade Agreement and the heavy flow of vehicle components back and forth across U.S. borders with Canada and Mexico. The group says tariffs could raise production costs, reduce available capital, lower vehicle sales and end up shrinking the U.S. automotive job market.
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