Money and business

American car companies criticize the Trump agreement with Japan

US car manufacturers have expressed concern about President Donald Trump’s agreement to impose customs duties by 15 percent on Japanese cars, saying that they are facing customs duties on their imports of steel, aluminum and spare parts higher than their competitors.

“We have to review all the details of the agreement, but this is a deal that will impose lower customs duties on Japanese cars that do not contain American components,” said Matt Blant, President of the American Automobile Policy Council, who represents the three major American auto manufacturers.

Planet added in an interview that American companies and workers are certainly “in a non -favorable position” because they face customs duties of 50 percent on steel, aluminum and 25 percent customs databases on car components, with some exceptions to the products covered by the United States, Mexico and Canada agreement that entered into force in 2020.

The reaction of American car manufacturers to the American -Japanese agreement reveals the difficulties that direct the application of customs policies throughout the global economy, which indicates that despite all Trump’s promises, there can be real bodies, threatening serious reactions in states of political importance such as Michigan and Warskonen, where the auto industry is a source of income and identity.

Trump photographed the trade framework he reached with Japan and announced yesterday as a major victory, saying that he will add hundreds of thousands of jobs to the American economy and open the Japanese economy in ways that could address the continuous trade balance defect.

The agreement includes the United States imposing 15 percent customs duties on Japanese products instead of 25 percent that Trump intended to impose from August 1.

The White House said that Japan would also pump up to $ 550 billion to invest in American projects.

For his part, SAM Fiorni, Vice President of Auto Furkast Solichns Consulting, said that Ford, Jerral Motors and Silants have “the full right to anger … Honda, Toyota and Nissan (Japanese) will continue to import its cars from Mexico and Canad, which can be the current levels of customs duties imposed on it higher than those imposed on Japanese imports. Japanese cars are already produced in North America. “

Fiiori noted that with a few exceptions such as Toyota Four Runner, Mazda CX-5, and Sobaru Forster, the sales of most other imported cars are very limited that they do not require their production in the United States.

“There will be negotiations between the United States, Canada and Mexico, and it is likely to lead to the imposition of customs duties not exceeding 15 percent, but no one seems to be in a hurry to negotiate the free trade agreement concluded by the previous Trump administration.”

Related Articles

Back to top button