SEMA Voices Opposition to Tariffs
April 2, 2018—SEMA has joined forces with other U.S. manufacturers warning President Trump and the U.S. Congress that newly-enacted tariffs have the potential to harm American companies, workers and consumers.
“The specialty auto-parts industry employs more than a million American workers who will be affected by the proposed tariffs,” said SEMA chairman of the Board Wade Kawasaki in a press release. “These U.S. workers produce products to personalize and enhance vehicle performance—from wheels and exhausts to engines and grilles—and many of these parts contain metals that are now subject to tariffs that will harm the industry.”
Price hikes began to show up in recent months under the threat of potential tariffs, according to the release.