US EditionAuto groups lobby Trump administration against parts tariffs in rare unified message
- A coalition of U.S. Car industry groups urged President Donald Trump to avoid 25% tariffs on imported parts, warning it would decrease vehicle sales and raise prices.
- The letter was signed by organizations like the Alliance for Automotive Innovation and the American Automotive Policy Council, which represents the Detroit Three carmakers.
- An analysis indicated that Trump's tariffs could escalate costs for U.S. Carmakers by about $108 billion in 2025, impacting production and jobs.
- SEMA requested tariff exemptions for molds and machinery to assist in re-shoring operations, highlighting significant economic impacts and job numbers in the industry.
54 Articles
54 Articles
Richmond Times-Dispatch
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“I don’t know the answer to that question.” This was NASCAR Commissioner Steve Phelps’ response to how the new tariff policy will affect race teams. Indeed, the level of uncertainty is justifiable considering the sweeping changes that President Donald Trump implemented. In late March, the POTUS announced that he would impose 25% tariffs on imported vehicles and automotive components. This threw NASCAR into the affected bunch as well, with wide-r…
Trump plans to ‘down’ tariffs on China’s auto parts: FT
U.S. President Donald Trump plans to exempt auto parts from tariffs imposed on imports from China to counter fentanyl production, as well as taxes on steel and aluminium, according to the Financial Times (FT), citing two people with knowledge of the matter.Exemptions would maintain the 25 percent tariff that Trump imposed on all imports of cars manufactured abroad, according to the FT. An additional 25 percent tariff on auto parts would also be …
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