Friday, May 25, 2018

Auto import tarriffs
United States Senator Lamar Alexander (R-Tenn.) on Thursday issued a statement after President Donald Trump announced he is launching an investigation into imports of automobiles and automotive parts into the United States and plans to add a 25 percent tariff on imported autos and parts. Said Alexander, “Forty years ago, I helped convince Nissan to build here what they sell here—they built a plant in Smyrna, others followed, and today one-third of Tennessee’s manufacturing jobs are auto related, 967 foreign based businesses employ more than 140,000 Tennesseans, and we have more than 900 automotive suppliers in 88 of our 95 counties. Tariffs on the imports of cars and auto parts will not put our workers first by making it more expensive to build and sell cars here. They will destroy the thriving automotive industry that has been built by thousands of skilled Tennessee workers.” U.S. Sen. Bob Corker, Republican of Tennessee says President Trump is abusing his power — potentially for political purposes — by initiating an investigation into whether importing automobiles poses a threat to national security. “I am very concerned about the president abusing the authority granted to him in...the Trade Expansion Act of 1962,”Corker said Thursday. “There is no reason to use this provision to consider imposing tariffs on the automobile industry, and this appears to be either an attempt to affect domestic politics ahead of the election or for some other transactional purpose regarding ongoing trade discussions. This is a dangerous course and should be abandoned immediately.” The tariffs also will increase the cost to consumers of imported cars and car parts.


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