Automotive Tariffs Would Push Consumers to Buy Used Vehicles, Study Finds
According to a study conducted by Autolist.com, 41 percent of current car shoppers polled said that tariffs on new vehicles would cause them to buy a used vehicle.
Analysis: State-by-State Impact of Tariffs
The U.S Chamber of Commerce has analyzed the individual state impact of new retaliatory tariffs from countries impacted by the Trump administration’s new tariffs.
SEMA Warns Current Tariffs Are a Tax on American Companies and Consumers
SEMA states that SEMA member companies are now grappling with higher-priced steel and aluminum because of global tariffs.
MEMA Responds to Announcement of 301 Tariffs on China
MEMA says it applauds the Trump administration’s continued focus to protect intellectual property. However, it says it also opposes using tariffs to curb intellectual property theft.
Analysis: Trump’s Proposed Auto Tariffs Would Reduce U.S. Auto Jobs
A new analysis by the Peterson Institute for International Economics concluded that if Trump raises U.S. duties to 25 percent on all automobiles and auto parts, there could be a loss of 195,000 U.S. auto industry jobs in a one- to three-year period.
Auto Care Association Joins Over 100 Trade Groups Addressing Concerns to Congress on China Tariffs
In the letter addressed to the chair and ranking member of the House Ways and Means Committee, 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, consumers and our competitiveness.”
Auto Care Association Pens Letter Urging White House to Reconsider Steel and Aluminum Tariffs
“Based on the fact that there are few parts necessary for the upkeep of a vehicle that do not contain significant amounts of steel and aluminum, this action will have a significant negative impact throughout the supply chain, including many small medium and small businesses and their employees that comprise the auto care industry,” said Bill Hanvey, president and CEO, Auto Care Association.
Car Manufacturers Turn to Electrification to Turn the Tide in 2019, Says TrendForce
With the global automotive market scale predicted to reach 94.4 million in shipments 2019, car manufacturers are hoping to spur market development by turning to the electric vehicle market.
Edmunds Experts Forecast 16.9 Million New Vehicles Will Be Sold In 2019
New vehicle sales will continue to decline in 2019, continuing a trend started in 2017, according to a new report from the car shopping experts at Edmunds.
U.S.-Mexico NAFTA Update Includes Revised Auto Rules of Origin
According to multiple news sources, the updated auto rules of origin require that 75 percent of a vehicle’s content come from North America – up from the current 62.5 percent – to receive duty-free treatment.
