Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.