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.
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.
“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.”