Connect with us

Global

Auto Care Association CEO Bill Hanvey Issues Statement On Trump Administration’s Decision To Reverse Imposed Tariffs On Imports From Mexico

On May 30, the White House issued a statement that the U.S. would impose a 5% tariff on all goods imported from Mexico beginning on June 10.

Advertisement

Bill Hanvey, president and CEO of the Auto Care Association, this week issued a statement following the Trump Administration’s decision to reverse its proposed tariffs on imports from Mexico.

Advertisement
Click Here to Read More
Advertisement

On May 30, the White House issued a statement that the U.S. would impose a 5% tariff on all goods imported from Mexico beginning on June 10. The tariffs were then scheduled to raise 5% each month, topping out at 25% on Oct. 1 if Mexico did not address illegal immigration issues along the Southern border, according to Trump’s statement.

“The Auto Care Association applauds the Trump Administration’s reversal on its decision to impose tariffs on imports from Mexico,” said Bill Hanvey, president and CEO, Auto Care Association. “Mexico is the United States’ largest trading partner when it comes to auto parts, with more than $55 billion imported in 2017. U.S. companies benefit from having largely duty-free access to Mexico’s labor market for certain important steps along the supply chain. A new tariff would have resulted in higher prices for U.S. consumers and job losses for U.S. businesses.

“The association will continue to work with the administration and Congress on ensuring long-term, open access to U.S. trading partners like Mexico,” Hanvey’s statement concluded.

Advertisement

New Dates: AMR To Be Held In April 2021

Autoliv Provides Market and Business Update

Cultural Success When Conducting Business In Mexico

Cooper Tire Mexico Plant Restarting Production

Advertisement

POPULAR POSTS

Newsweek Ranks Goodyear Among Greenest Big Companies

Sponsored Content

Why Trucks Are The Future Of The Aftermarket Sweet Spot

Events

Editor’s Note: AMN On Holiday

Legislative

VA Gov. Signs Vehicle Safety Inspection Program Legislation

Connect