US EditionUS automakers blast Trump's UK trade deal
- On Thursday, a new trade agreement was announced between the United States and the United Kingdom, reducing the tariff on the first 100,000 British-made vehicles imported into the US to 10 percent.
- The deal follows prior USMCA rules negotiated by Trump in 2020, which organize Detroit automakers’ supply chains around 25 percent tariffs on autos from Canada and Mexico, causing tensions.
- The American Automotive Policy Council , representing Ford, General Motors, and Jeep-maker Stellantis, criticized the deal as unfairly penalizing US automakers partnered with North American firms.
- AAPC president Matt Blunt expressed concern that the agreement makes it more affordable to bring in vehicles from the UK containing minimal American components than to import USMCA-qualifying vehicles from Mexico or Canada that have a significant proportion of parts made in the US.
- Blunt voiced concern that granting the UK favored access over North American partners could lead to similar treatment being extended to Asian and European exporters in upcoming trade discussions.
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U.S. automakers blast Trump's UK trade deal
The Trump administration's latest trade deal with Britain unfairly penalizes U.S. automakers that have partnered with Canada and Mexico, a trade group representing Detroit automakers said Thursday. In a sharply-worded statement, the American Automotive Policy Council (AAPC) said the U.S.-UK trade deal "hurts American automakers, suppliers, and auto workers," according…
·Sakado, Japan
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charitonleader.com+21 Reposted by 21 other sources
US automakers blast Trump's UK trade deal
The Trump administration's latest trade deal with Britain unfairly penalizes US automakers that have partnered with Canada and Mexico, a trade group representing Detroit automakers said Thursday.
·Chariton, United States
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