ACA Opposes Trump's Chinese Tariffs Proposal
May 7, 2019—The following statement can be attributed to Bill Hanvey, president and CEO, Auto Care Association:
“The Auto Care Association urges President Trump not to follow through on his threat to increase tariffs on $200 billion in imported goods from China as soon as this week. The proposed sudden increase from 10% to 25% would have an immediate negative impact on not only the U.S. businesses that manufacture and distribute these parts, but the motoring public who will see higher prices on a wide range of products, including important safety-related components. In 2018, China was the second largest source of auto parts imported into the U.S., second only to Mexico and totaling over $20.1 billion worth of product. Furthermore, the president’s suggestion that a 25% tariff could be levied on an additional $325 billion in imports from China, without knowing which goods would be impacted, creates even more uncertainty for the business community.
While the Auto Care Association supports the Trump administration’s efforts to address China’s unfair trade practices and is encouraged by recent progress made through trade talks, we oppose the use of tariffs as a negotiating strategy. U.S. companies and consumers end up bearing the brunt of these 'taxes' on imported product through disrupted supply chains, increased prices and job losses.”