GM says new wave of tariffs could force United States job cuts

Automakers, manufacturers oppose Trump call for auto tariffs

Mazda Condemns Trump’s Proposed 25 Percent Import Car Tariff

Although a tariff on cars would apply to foreign-made cars shipped into the U.S., American automakers have voiced concerns that the European Union and other regions could retaliate.

In May, President Donald Trump directed the Commerce Department to investigate whether auto imports were a threat to national security.

US automaker General Motors (GM) warned that the extra tariffs on imported vehicles could risk jobs in the United States and lead to a reduced presence domestically and internationally.

In its 15-page submission to the Department of Commerce, Toyota echoed GM's sentiments, adding that tariffs "would have a negative impact on all manufacturers, increasing the cost of imported vehicles as well as domestically produced vehicles that rely on imported parts".

Toyota said, "We believe the only plausible outcome of this investigation is to reject the notion that automotive imports threaten national security".

It plans two days of public hearings on July 19-20 and Commerce Secretary Wilbur Ross said last week he aimed to wrap up the probe into whether imported vehicles represent a national security threat by late July or August. Trump had already used the archaic Cold War Act to justify his tariffs on aluminum and steel earlier. The president's threat to pull out of the North American Free Trade Agreement could hurt the industry's supply chain, which integrates operations in the United States, Canada and Mexico.

On June 6, the World Bank, in its latest Global Economic Prospects report, warned: "A broad-based increase in tariffs worldwide would have major adverse consequences for global trade and activity", the report said. "It is hard to foresee a situation in which any of them would engage in an armed conflict with the US, or cut off supplies of defense materials, and if they did, the United States would have an easy recourse of simply seizing their USA plants", it said. "We want to explain how tariffs on auto imports may jeopardize them both".

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Bones did not release the names of the victims nor the ages of the adult victims injured in the attack. Kinner has an extensive criminal history, Bones said, but had not been previously arrested in Boise.

America's largest carmaker has added its voice to the chorus of companies and countries criticising proposed USA tariffs on foreign cars and auto parts.

Last year, the United States exported 2 million automobiles but, Yerxa said, that number can grow if the government focuses on opening foreign markets "instead of raising barriers and costs here at home".

Still, 30 per cent of the vehicles GM sold on the United States market in 2017 were manufactured overseas, according to the Michigan-based Centre for Automotive Research.

GM operates 47 USA manufacturing facilities and employs about 110,000 people in the country. GM expressed its concerns in comments that it submitted to the Commerce Department on Friday.

The automaker said tariffs on imports of cars and auto parts - on top of an earlier spate of penalties - could drive prices up by thousands of dollars.

The US Commerce Department did not immediately comment Friday. "Harley is an American bike" and "they should build them in this country", he said. In its response, the UAW said that GM sells 80 per cent of its Mexican-made vehicles in the U.S.

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