trump launches probe into auto imports and possible tariffs

by:INDUSTRIAL-MAN     2019-08-21
The Trump administration has begun investigating whether tariffs on vehicles imported to the United States need to be imposed, as negotiations on the North American Free Trade Agreement (Nafta)have stalled.
President Donald Trump earlier predicted that American automakers and auto workers would be \"very pleased\" with the outcome of the North American Free Trade Agreement negotiations \". googletag. {});
The White House said in a statement that the president had asked Commerce Secretary Wilbur Ross to consider whether imported vehicles, including trucks and auto parts, would threaten national security in the United States.
In a statement, President Obama said \"core industries such as automobiles and auto parts are crucial to the strength of our country \".
The United States still has big differences in the negotiations to rewrite trade agreements with Canada and Mexico, and the negotiations have fallen into a deadlock in the rules of car production.
For our great American auto workers, there will be good news soon.
You have lost your job in other countries for decades and you have waited long enough! —Donald J. Trump (
@ RealDonaldTrump)
In May 23, 2018, the launch of a trade survey could be seen as an attempt to gain leverage in negotiations with two US neighbors.
Treasury Secretary Steven Mnuchin said efforts to renegotiate the trade deal could continue until next year.
Nearly half of the cars sold in the United States are imported, many of them from assembly plants in Mexico and Canada.
Earlier this month, Trump said in a meeting with auto executives that he would push for more car production from U. S. factories.
A person familiar with the matter said the president proposed a new tariff of 20% to 25% on car imports.
Mr. Trump brought a little.
He used weapons in his struggle to protect auto workers: Section 232 of the Trade Expansion Act of 1962. googletag. {});
The clause authorizes the president to restrict imports and impose unlimited tariffs on national security grounds.
Donald Trump has instructed the Commerce Department to start investigating whether tariffs are required for imported vehicles (Evan Vucci/AP)
Earlier this year, the survey was used in the steel industry, leading the president to decide to impose a 25% tariff on steel imports and a 10% tariff on aluminum imports.
Earlier in the day, Trump hinted at the move on the South Lawn, telling reporters, \"you\'ll see what I\'m talking about soon \".
He pointed out that Mexico and Canada were \"very difficult to deal with\" during the negotiations \".
\"I am not satisfied with their request.
But I will tell you that in the end we will win, we will win, we will win a huge victory, \"I said before leaving New York.
S. Neighbors are \"spoiled because no one does that, but I will tell you that what they are asking for is unfair,\" he said.
Our auto workers will be very happy \".
So far, Mexico has resisted U. S. Attempts to obtain higher regional content rules in the automotive industry and move production to higher places --
Pay factories in the United States and Canada
The United States is also trying to change the North American Free Trade Agreement dispute.
Including sunset provisions that allow countries to withdraw after five years.
The Trump administration has missed the informal deadline set by House Speaker Paul Ryan to submit a revised agreement to Congress in time for politicians to vote in the mid-term election year.
Core industries such as cars and auto parts are crucial to our strength as a country. At the same time, Mexico will hold a presidential election on July 1. The leading left-wing candidate in the poll said that,
Negotiations should not be rushed through and should be left to the winners of the election.
If negotiators fail to agree on a revised version of the NAFTA, the discussion will be extended to 2019.
Trump could also put his threats into place, abandoning his long-time-bashing deal, and plunging businesses between the three countries into chaos. googletag. {});
Trump is trying to overhaul the North American Free Trade Agreement (Nafta) to restore American car production and reduce the US trade deficit.
The United States has been asking that part of auto parts come from a country --
United States or Canada-
The average hourly wage for auto workers is about $15, in line with the North American Free Trade Agreement obligationsfree status.
But companies have built supply chains across the North American Free Trade Agreement border, and changing rules can disrupt their operations, increase costs, and potentially put them in competition with manufacturers in Asia and Europe. -
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