Governor Matt Blunt, president of the American Automotive Policy Council is warning that the Trump administration’s decision of levy the tariffs on steel and aluminum made in Mexico, Canada and the European Union will damage the U.S. auto industry.
Trump’s theory that the danger of a trade war is “easy to win,” will be put to the test as key trading partners are now moving to inflict maximum pain on parts of the American economy.
“Mexico deeply regrets and condemns the decision of the United States to impose these tariffs on imports of steel and aluminum from Mexico from June 1, at the discretion of national security,” the government said in a statement. “Mexico has indicated repeatedly that such measures under the criteria of national security are not adequate nor justified.”
Read the article at The Detroit Bureau.
The post Auto Industry Warns Trump’s Tariff’s Will Cause Trade War appeared first on Fleet Management Weekly.
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