Monday, December 3, 2018

Trump Tariffs On European and Asian Cars Will Significantly Cost US Jobs

Forbes

The Trump administration has turned a deaf ear to arguments from the auto industry regarding the taxing of every automobile coming into the U.S. from any country other than Canada and Mexico. Higher auto tariffs will harm American families and workers, costing tens of thousands of jobs.

The European Union has made enormous investments in stateside plants building most of the vehicles sold in the U.S. in those plants. Mercedes builds vehicles in Alabama. BMW‘s biggest plant in the world is in South Carolina. Volkswagen has a plant in Tennessee with growing volumes of vehicles built there. Asian companies also have enormous manufacturing footprints in the U.S.

Read the article at Forbes.

The post Trump Tariffs On European and Asian Cars Will Significantly Cost US Jobs appeared first on Fleet Management Weekly.


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