March 4, 2018

Trump's trade fees could hurt the auto industry

Reuters -From a hotel in Mexico City, Ann Wilson, a senior executive at the U.S. Motor and Equipment Manufacturers Association, is fielding calls from American auto parts makers worried that President Donald Trump’s metal tariffs will force them out of business.

The U.S. auto parts industry employs about 880,000 workers and MEMA represents motor vehicle parts manufacturers, the largest U.S. manufacturing sector and largest employer of manufacturing jobs in the United States.

Some of MEMA’s members would be deeply affected by Trump’s tariffs because they rely on specialty steel and aluminum products imported from Europe, Asia and other regions, said Wilson.

1 comment:

Nebris said...

Remember that Bush also did this in 2002 and got shot down by the WTO.