The commerce group representing the standard Big Three US automakers is objecting to the US settlement with Japan, saying it could be unfair to American automakers and components suppliers.
The commerce settlement introduced Tuesday by the Trump administration would place 15% tariffs on imports from Japan, together with autos and auto components. The American automakers declare that offers Japanese imports an unfair benefit over different imported automobiles, together with these assembled in Mexico and Canada by US firms with a big variety of US components. Most imported vehicles – together with American vehicles made outdoors the United States – face a 25% base tariff charge.
CNN’s Vanessa Yurkevich reviews, Brianna Keilar speaks with UAW Local 14 president Tony Totty, and Christina Macfarlane speaks with Brookings Institution senior fellow Eswar Prasad. #CNN #News
