Study Finds More Than 100,000 Industry Jobs At Risk With Tariffs On Imported Auto Parts
In a study provided by the Auto Care Association in comments to the U.S. Department of Commerce, it was found that a 25 percent tariff on imported auto parts could cause a reduction of 17,800 jobs in the auto parts manufacturing sector, resulting in $1.4 billion in lost wages.
SEMA Warns Current Tariffs Are A Tax On American Companies And Consumers
SEMA members have seen steep price hikes for steel and aluminum and are now having to make tough decisions about passing those costs along to the consumer, says the association.
White House Publishes New Lists Of Chinese Imports Subject To Tariffs
Last Friday, June 15, the Trump Administration released a statement announcing a 25 percent tariff on $50 billion of goods from China and published two lists: a finalized list of 818 entries subject to the tariff beginning July 6, and another list of 284 additional entries for review and comment.
MEMA Responds To Trump Administration Announcement Of 301 Tariffs On China
MEMA believes that retaliatory tariffs could negate the Trump administration’s recent successful work, such as tax reform, conducted on behalf of American companies.
Analysis: Trump’s Proposed Auto Tariffs Would Reduce US Auto Jobs
A new analysis by the Peterson Institute for International Economics concluded that if Trump did carry out the duties, there could be a loss of 195,000 U.S. auto industry jobs in a one- to three-year period.
MEMA Issues Statement Following Launch Of DOC Probe Into Auto Tariffs
MEMA urges the administration to reconsider this action and pursue alternative ways to forge more positive trade relationships.
Auto Care Association Testifies Before United States Trade Representative On Section 301 China Tariffs
The tariffs are part of a proposed action by the administration to address unfair acts, policies and practices by China that are related to technology transfer, intellectual property and innovation.
MEMA Prepares For Testimony On Section 301 China Tariffs
In its formal request to testify, MEMA highlighted that IP theft protections are critical but raises concerns about the use of tariffs to remedy the issue.
MEMA Applauds Call By Congress To Remedy Concerns Over Steel And Aluminum Tariffs
More than 7,700 comments and submissions for product exclusions have been filed with the Department of Commerce on the issue.
MEMA Testifies Before House Ways And Means On Negative Impacts Of Tariffs
The hearing was focused on the effects of tariff increases on the U.S. economy and jobs and included testimony from several organizations affected by tariffs.
Auto Care Association Joins More Than 100 Trade Groups Addressing Concerns To Congress On China Tariffs
In a letter, the trade groups stated their agreement that China’s “ongoing intellectual property rights violations, forced technology transfers and state intervention harm U.S. companies, workers, consumer and our competitiveness.”
New Tariffs Introduced On Hundreds Of Chinese Goods, Including Auto-Related Products
On Tuesday, the Trump administration said that it will place a 25 percent tariff on a long list of Chinese products, a measure intended to penalize China for what is viewed as unfair trade practices and another move in simmering trade war between the United States and China.
