U.S. Automotive Industry Needs Free Trade
Posted
October 23, 2018
Views
307
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3
Comments
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2.28%
October 23, 2018
307
3
4
2.28%
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1:29:34Now PlayingFrom large automakers to small town suppliers, free trade is crucial to the success of the American automotive industry. Imports of intermediate goods help these manufacturers produce more efficiently and free trade agreements facilitate their ability to sell cars around the world. Today, opposing forces are impacting the freedom of automakers and their suppliers to do business in America. Tax reform and deregulation have been a huge boon for the industry, but growing restrictions on trade risk counteracting those benefits. The American automotive industry is impacted by tariffs on steel and aluminum, a primary intermediate good in their production process, potential tariffs on automobiles and parts, as well as the proposed changes to the North American Free Trade Agreement.
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