US car makers warn Trump import tariffs are the ‘largest threat to the US automotive business’
It added that imports don’t “threaten the national security of the US, nor do we believe there is any national security or economic basis for restricting imports by applying protectionist duties”.
But in an assault on Mr Trump’s plans, AGA warned the “greatest threat to the US automotive industry is the possibility the administration will impose duties on imports”.
If tasks had been imposed, Mr Bozzella mentioned it will lead to “inevitable retaliation against US exports”.
This, he added, would put masses of 1000’s of US jobs in the business, or which rely on it, in danger and “place American auto workers on the front lines of this trade conflict”.
AGA says global automotive corporations have invested $75bn (£57bn) in the US at nearly 500 websites, supporting a complete of one.29 million jobs in roles reminiscent of finance, design, gross sales and dealership operations.
Earlier this week Mr Trump criticised Milwaukee-based Harley-Davidson when it mentioned it will relocate manufacturing of motorbikes out of the US.