Growth strategies

Trade associations urge President Trump not to impose tariffs

Several leading trade associations sent a letter to President Trump warning about the economic threat of the Section 232 Investigation on the national security implications of imports of automobiles, including cars, SUVs, vans and light trucks, and automotive parts.

The letter included the following statement issued today:

“We urge President Trump and his administration not to go through with imposing tariffs on any imported vehicle or motor vehicle parts. Implementing these tariffs threatens the jobs of millions of American workers and would likely result in the loss of billions of dollars to the U.S. economy. The Section 232 Investigation on the national security implications of imports of automobiles, including cars, SUVs, vans and light trucks, and automotive parts ultimately poses a serious economic threat to our nation’s whole economy and the well-being of our manufacturers, dealers, employees and customers. Any remedy proposing quotas or tariffs would undermine the benefits of tax and regulatory reform and must not be implemented.”

The associations that sent the letter include: The Association of Equipment Manufacturers (AEM), Truck & Engine Manufacturers Association (TEMA), Associated Equipment Distributors (AED), the Heavy Duty Manufacturers Association (HDMA), the American Bus Association (ABA), the Remanufacturing Industries Council, the American Rental Association (ARA) and the National Marine Manufacturers Association (NMMA).

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