Sunday, August 26, 2018 6:51:01 AM
the real affect of the Trumps administration tariffs on the American people,.,.a.k.a. consumers & buyers,...
OPPOSING PROPOSED AUTO TARIFFS
In May, the Trump Administration announced the Department of Commerce would begin what’s called a Section 232 investigation on imported automobiles and motor vehicle parts, which under the Trade Expansion Act of 1962, gives the administration broad legal authority to impose tariffs on goods in the interest of national security.
While we understand the president’s focus on protecting manufacturing and other jobs and ensuring a level playing field with our international trading partners, we believe these tariffs will do the opposite. A twenty five percent tariff would have a devastating impact on the automotive and parts industry, because the industry is truly global. Many international nameplate vehicles are built in the U.S. while a number of U.S. nameplates are assembled outside our borders. And both assembly and repair parts for cars come from all over the world.
By the numbers: A 25% tariff on imported automobiles and auto parts would result in:
- The loss of more than 700,000 jobs
- A nearly $60 billion decline in U.S. gross domestic product
- A rise in the price of an average vehicle by nearly $7,000
- A decline in annual sales of as many as 2 million vehicles
- Up to 10% increase in the cost of repairs and replacement parts
AMERICAN WORKER STORIES
The auto industry — suppliers, manufacturers, and dealers — supports millions of American jobs. Below are examples of the people and communities benefitting from an incredible manufacturing comeback.
DWAYNE MYERS, MANAGING PARTNER, DYNAMIC AUTOMOTIVE, FREDERICK, MD
"A 25 percent tariff on imported auto parts will have a ripple effect down the industry's global supply chain. Not only are thousands of jobs at risk, it is essentially a massive tax on U.S. consumers. Higher parts prices will lead to underperformed maintenance and to drivers delaying repairs, which puts the safety of pedestrians, passengers and other vehicles on the road at risk. Furthermore, there are so many different makes and models of vehicles on the roads today that I am simply not able to source many of the parts needed for repairs from only domestic producers."
MATTHEW VALBUENA, ENGINEER, MAZDA
As a young boy, Matthew acted as an interpreter to his deaf parents. He and his father bonded over listening to music in the car, his father hearing the music in his chest with every beat of the kick drum. Now, Matthew works as an engineer at Mazda helping with the “visual noise” as well as actual noise. The boy who had to learn how to enjoy music on his own terms is teaching others how to rediscover sound quality in an era of streaming at 128 kbps. “My childhood hobbies turned into my career path and led me to where I am today at Mazda,” he said. “I couldn’t have planned it any better than that.”
LAURI COX, EMPLOYEE AT JIM HUDSON LEXUS
"Starting in the early 90s in the male-dominated automotive industry was a challenge. I worked hard, long hours to overachieve because I was given a chance to be the very best I could be, and I wanted to live up to it. Now, 25 years later, I am part of a team who is achieving greatness not only in the success of the dealership, but also donating the land to build a woman & children’s shelter right here in Columbia. I never thought my original journey would have resulted in such a win/win, both personally and professionally."
MARK SCARPELLI OF RAYMOND CHEVROLET OF ANTIOCH, ILLINOIS
“As a dealer I have to meet payroll every month, and I cannot do that if sales fall dramatically. The last thing I want to do is layoff a valued employee. Many of my employees have been with our dealership for years. They are like family. But I might have to let some people go if a massive tariff hits my inventory of parts and new cars. If prices go up because of a tariff my customers will not buy as many cars. It’s that simple.”
https://www.drivingamericanjobs.com
OPPOSING PROPOSED AUTO TARIFFS
In May, the Trump Administration announced the Department of Commerce would begin what’s called a Section 232 investigation on imported automobiles and motor vehicle parts, which under the Trade Expansion Act of 1962, gives the administration broad legal authority to impose tariffs on goods in the interest of national security.
While we understand the president’s focus on protecting manufacturing and other jobs and ensuring a level playing field with our international trading partners, we believe these tariffs will do the opposite. A twenty five percent tariff would have a devastating impact on the automotive and parts industry, because the industry is truly global. Many international nameplate vehicles are built in the U.S. while a number of U.S. nameplates are assembled outside our borders. And both assembly and repair parts for cars come from all over the world.
By the numbers: A 25% tariff on imported automobiles and auto parts would result in:
- The loss of more than 700,000 jobs
- A nearly $60 billion decline in U.S. gross domestic product
- A rise in the price of an average vehicle by nearly $7,000
- A decline in annual sales of as many as 2 million vehicles
- Up to 10% increase in the cost of repairs and replacement parts
AMERICAN WORKER STORIES
The auto industry — suppliers, manufacturers, and dealers — supports millions of American jobs. Below are examples of the people and communities benefitting from an incredible manufacturing comeback.
DWAYNE MYERS, MANAGING PARTNER, DYNAMIC AUTOMOTIVE, FREDERICK, MD
"A 25 percent tariff on imported auto parts will have a ripple effect down the industry's global supply chain. Not only are thousands of jobs at risk, it is essentially a massive tax on U.S. consumers. Higher parts prices will lead to underperformed maintenance and to drivers delaying repairs, which puts the safety of pedestrians, passengers and other vehicles on the road at risk. Furthermore, there are so many different makes and models of vehicles on the roads today that I am simply not able to source many of the parts needed for repairs from only domestic producers."
MATTHEW VALBUENA, ENGINEER, MAZDA
As a young boy, Matthew acted as an interpreter to his deaf parents. He and his father bonded over listening to music in the car, his father hearing the music in his chest with every beat of the kick drum. Now, Matthew works as an engineer at Mazda helping with the “visual noise” as well as actual noise. The boy who had to learn how to enjoy music on his own terms is teaching others how to rediscover sound quality in an era of streaming at 128 kbps. “My childhood hobbies turned into my career path and led me to where I am today at Mazda,” he said. “I couldn’t have planned it any better than that.”
LAURI COX, EMPLOYEE AT JIM HUDSON LEXUS
"Starting in the early 90s in the male-dominated automotive industry was a challenge. I worked hard, long hours to overachieve because I was given a chance to be the very best I could be, and I wanted to live up to it. Now, 25 years later, I am part of a team who is achieving greatness not only in the success of the dealership, but also donating the land to build a woman & children’s shelter right here in Columbia. I never thought my original journey would have resulted in such a win/win, both personally and professionally."
MARK SCARPELLI OF RAYMOND CHEVROLET OF ANTIOCH, ILLINOIS
“As a dealer I have to meet payroll every month, and I cannot do that if sales fall dramatically. The last thing I want to do is layoff a valued employee. Many of my employees have been with our dealership for years. They are like family. But I might have to let some people go if a massive tariff hits my inventory of parts and new cars. If prices go up because of a tariff my customers will not buy as many cars. It’s that simple.”
https://www.drivingamericanjobs.com
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