Market Overview

AUTOMAKERS UNDERSCORE IMPORTANCE OF CONTINUED TRADE TALKS

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Washington, DC, Aug. 31, 2018 (GLOBE NEWSWIRE) --

"It is important that the U.S., Mexico, and Canada continue to work toward a modernized North American Free Trade Agreement (NAFTA).  For the U.S. auto industry, there is no NAFTA without Canada.  Auto rules included in the understanding reached between the United States and Mexico are predicated on Canada's participation.  Without it, automakers' ability to meet the various requirements and content thresholds will be severely constrained.   

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"Even so, the new auto trade rules will pose serious challenges for U.S. automakers, leaving unclear whether these new rules will increase the future competitiveness of the industry or support continued expansion of American-made vehicle exports.

"Moreover, taxing American consumers through punitive tariffs like those contemplated by the ongoing 232 investigation on imported autos and auto parts further risks American jobs, vehicle affordability, declining investments, and reduced innovation."

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Here For America tells the story of international automakers and dealers, their ever-growing impact on the U.S. economy, and the benefits they provide to local communities. The contributions of international automakers and dealers are integral to the success of today's U.S. auto industry, the most vibrant and competitive auto market in the world. Here for America is an initiative of the Association of Global Automakers to increase public education about the importance of international automakers to American job creation, economic growth, technological innovation and strong communities. Visit www.hereforamerica.com and follow Here For America on Twitter and Facebook.

Annemarie Pender
Here For America
202-650-5548
apender@globalautomakers.org

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