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10:59Now PlayingThe trade group representing the traditional Big Three US automakers is objecting to the US agreement with Japan, saying it would be unfair to American automakers and parts suppliers.
The trade agreement announced Tuesday by the Trump administration would place 15% tariffs on imports from Japan, including autos and auto parts. The American automakers claim that gives Japanese imports an unfair advantage over other imported vehicles, including those assembled in Mexico and Canada by US companies with a significant number of US parts. Most imported cars – including American cars made outside the United States – face a 25% base tariff rate.
CNN's Vanessa Yurkevich reports, Brianna Keilar speaks with UAW Local 14 president Tony Totty, and Christina Macfarlane speaks with Brookings Institution senior fellow Eswar Prasad. #CNN #News
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