Renewed Chinese Auto Tariffs Would Cost U.S. Jobs, Industry Coalition Warns
【Summary】The head of a broad coalition of Japanese, German and South Korean automakers warned on Friday that renewed punitive Chinese tariffs on U.S. autos would hurt U.S. vehicle exports to China and put U.S. jobs at risk.
WASHINGTON (Reuters) - The head of a broad coalition of Japanese, German and South Korean automakers warned on Friday that renewed punitive Chinese tariffs on U.S. autos would hurt U.S. vehicle exports to China and put U.S. jobs at risk.
"The tit-for-tat tariffs, absent any meaningful negotiations, are damaging to the American auto industry," John Bozzella, who chairs the ad-hoc group "Here for America" that includes Volkswagen AG, Daimler AG, and BMW AG, said in a statement. The three German automakers depend heavily on the Chinese market.
"When these tariffs were initially imposed by China in 2017, American exports of finished vehicles dropped by 50 percent. We can't let that happen to American workers again," added Bozzella, who also is chief executive of the Association of Global Automakers, a trade group representing Toyota Motor Corp, Hyundai Motor, Nissan Motor Co and other foreign-owned brands building vehicles in the United States.
China imported 190,118 U.S.-made vehicles in 2018, down by 35% from a year earlier, according to data from country's top auto importer Sinomach Auto, citing trade tension and tariff adjustment.
Ford Motor Co, a net auto exporter to China, said Friday in a statement it encouraged "the U.S. and China to find a near-term resolution on remaining issues through continued negotiations. It is essential for these two important economies to work together to advance balanced and fair trade."
resource from: Reuters
Automaker Renault Ousts its CEO in an Effort to Rebuild its Alliance with Nissan
Porsche & Boeing to Develop VTOL Aircraft for Premium Urban Air Travel
New Consortium Aims to Develop a Standardized Computing Platform for Autonomous Vehicles
Hyundai CRADLE Investing in AI-based Fleet Software Company Netradyne
Ford Motor Co Forms New Joint Venture with Indian Automaker Mahindra
9 Environmental Groups Sue the U.S. Dept of Transportation Over California Emission Ruling
Bollinger Motors Reveals its B1 & B2 Fully-Electric Utilitarian Trucks
GM Vehicle Owners Will Soon Be Able to Download Amazon’s Alexa via an OTA Update
- Toyota to Team Up with China’s CATL to Develop Batteries for Electric Vehicles
- Continental Develops a ‘Road AND Driver’ Camera System for Autonomous Vehicles
- NACTO Introduces New City-Planning Guide for AVs, Takes a More Skeptical Approach
- Volkswagen Says its Not Interested in Buying Tesla Stake
- Tesla Reportedly Working on a Million-Mile Battery Pack
- Silicon Valley-based Voyage Raises $31 Million in Latest Funding Round
- Audi Announces a Less Expensive, Shorter Range Electric e-tron SUV
- Bosch Believes Small Explosions Will Make EVs Safer in Accidents
- Ford, VW Tie the Knot to Work on EVs and Autonomous Cars
- Ford Motor Co Forms New Joint Venture with Indian Automaker Mahindra