Tariffs: SEMA Says No
Connect with us
Close Sidebar Panel Open Sidebar Panel

Engine News

Tariffs: SEMA Says No

The Driving American Jobs Coalition will inform policymakers and stakeholders about the negative effects of imposing new auto tariffs, including massive job losses and significant consumer price increases for virtually all motor vehicles and parts.

Advertisement
The Driving American Jobs Coalition, a group that includes the Specialty Equipment Market Association (SEMA) and represents the United States’ leading auto manufacturers, parts suppliers, auto dealers, parts distributors, retailers, and vehicle service providers, announced this week the formation of a new coalition to oppose potential new tariffs on imported automobiles and motor vehicle parts.

The coalition will inform policymakers and stakeholders on the negative effects of imposing new auto tariffs, including massive job losses and significant consumer price increases for virtually all motor vehicles and parts, whether domestic or imported.

Click Here to Read More
Advertisement

Higher auto tariffs will also result in less capital for investments in innovation and less competition in promoting cutting-edge automotive technologies developed here at home.

At a time of unprecedented growth, new tariffs on imported vehicles and parts represent a significant threat to our economy and the tremendous job growth that has occurred since the president took office.

That is why the American Automotive Policy Council, the Auto Care Association, the American International Automobile Dealers Association, the Alliance of Automobile Manufacturers, the Association of Global Automakers, the Motor & Equipment Manufacturers Association, the National Automobile Dealers Association, and SEMA have joined this unprecedented, industry-wide effort through Driving American Jobs. The group replaces a prior coalition of the same name formed to address other trade issues.

Advertisement

“The proposed tariffs are an unwelcome tax on every sector of the auto industry,” SEMA President & CEO Chris Kersting said. “From the automakers to the many small businesses that comprise the specialty auto parts industry, tariffs on imported vehicles and auto parts pose an unexpected threat to a healthy American economy.”

Advertisement
Connect
Engine Builder Magazine