Posts Tagged ‘Trump news’

Automakers, Suppliers Decry Trump Tariff Implementation

Companies warn that cost increases will get passed to consumers.

by on Mar.09, 2018

Analysts believe the new tariffs will increase the costs consumers pay for a new vehicle in the U.S.

Dealers, carmakers and suppliers were quick to criticize President Donald Trump’s order imposing tariffs on imported steel and aluminum with the exception of imports from Canada or Mexico.

“A tariff is a tax that will result in higher prices that consumers will ultimately bear,” John Bozzella, the president and CEO of Global Automakers, an organization that represents more than a dozen European and Asian automakers as well as key suppliers.

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Earlier in the week, Commerce Secretary Wilbur Ross tried to downplay the impact by going on television with a can of Campbell’s Soup and telling viewers its price would increase by a fraction of a penny. But considering the amount of steel and aluminum in a typical vehicle, prices for cars could go up by hundreds of dollars, analysts warn. (more…)

Speaker Ryan Warns Trump About Trade War Consequences

Republicans fear a trade war will wipe out majorities in midterm elections.

by on Mar.06, 2018

Republicans in the House, led by Paul Ryan, are attempting to dissuade President Donald Trump from implementing new tariffs.

The war of words over trade if not the trade war itself continues unabated this week with warnings from President Donald Trump’s Republican allies in Congress about the potential for adverse economic fallout from the sudden imposition of tariffs and taxes by the U.S.

House Speaker Paul Ryan (R-Wisconsin) told journalists he was “extremely worried” about sowing discord with Mexico and Canada and the consequences of a trade war.

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Canadian Prime Minister Justin Trudeau wasted no times no time in attacking Trump’s tariff proposal and Mexican officials have abruptly given up on efforts to re-negotiate the North American Free Trade Agreement, which is critical to companies tied to the North American Auto Industry. (more…)

Trump Hammers Japanese Automakers on Trade

President expected to echo similar sentiment throughout Asian tour.

by on Nov.06, 2017

President Donald Trump, left, kicked off a 10-day trip to Asia by meeting with Japan's Shinzo Abe and hoping to pave the way for more cars to be built in the U.S.

President Donald Trump returned to one of his old themes during a state visit to Japan, calling on the Japanese automakers to export fewer cars and build of their vehicles at plants in the United States.

“Try building your cars in the United States instead of shipping them over,” Trump implored during a briefing with business executives before asking, “That’s not rude?”

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Trump has frequently cited Japan, along with Mexico, Canada, Germany, China and South Korea, as among the countries that have taken advantage of the U.S. in trade deals. (more…)

Trump Administration Moves to Kill Car-to-Car Communications Mandate

Move could actually set back development of autonomous vehicles.

by on Nov.01, 2017

The Trump Administration killed another Obama-era regulation requiring vehicles to be able to communicate with one another.

The Trump Administration has killed off another Obama-era regulation, this one meant to use wireless technology to allow vehicles to “talk” to one another, sharing information about highway conditions and weather.

Ironically, the move comes at the same time Congress is considering legislation meant to promote the development of autonomous and driverless vehicles. But vehicle-to-vehicle, or V2V, technology is seen by some as essential for tomorrow’s self-driving vehicles as it will help them keep tabs on what’s happening on the road around them, such as a situation where another vehicle runs a red light.

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Combined with other smart vehicle technologies, the U.S. Department of Transportation had estimated V2V – and similar vehicle-to-infrastructure communications systems – could prevent or reduce the severity of as much as 80% of collisions that occur on U.S. roadways. (more…)

NAFTA Talks Trigger Big Lobbying Effort by Auto Companies

Group hoping to affect policy change.

by on Oct.25, 2017

A newly formed coalition of automotive companies, Driving American Jobs, is attempting to convince President Donald Trump to leave NAFTA as it is.

While President Donald Trump tries to line up support for tax reform among a restless U.S. Senate, a confrontation looms with a large swath of the business community, starting with the auto industry, about his efforts to reform the North American Free Trade Agreement.

“Cross-border trade supports over 46,000 U.S. trucking jobs, including 31,000 U.S. truck drivers, and generates $6.5 billion in revenue for our industry annually,” noted Bob Costello, chief economist for the American Trucking Association.. “As the U.S. renegotiates this agreement with Canada and Mexico, we urge them to keep the tremendous benefits to our economy and our industry in mind,” he said.

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Costello’s remarks echo the positions of other industries from agriculture to railroads and autos, which has been campaigning, publicly and privately, against the an overhaul of NAFTA. The auto industry has argued since the Trump administration took office back in January that sweeping changes to NAFTA or abandoning it altogether would jeopardize an integrated supply chain that has developed during the past quarter century. (more…)

Environmental Groups Sue Over CAFE Penalties

Trump administration delaying increase in fines.

by on Sep.11, 2017

Three environmental groups filed suit after the Trump administration attempted to delay an increase in penalties for failing to meet CAFE standards.

Three major environmental groups have challenged a decision by the Trump administration to delay a rule that would increase the penalties on carmakers that violate federal fuel economy by failing to meet changes in the corporate average fuel economy or CAFE standards.

The challenge by the Natural Resources Defense Council, the Sierra Club and the Center for Biological Diversity represent an escalation of the war between environmentalists and the Trump administration, which is searching for ways to get around fuel economy rules imposed during the Obama administration. The suit was filed with U.S. Second Circuit Court of Appeals in New York.

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The three groups sued the National Highway Traffic Safety Administration or NHTSA, saying any delay is letting auto manufacturers off with what amounts to little more than a “slap on the wrist” if they fail to meet standards that are saving drivers money at the pump and reducing pollution. (more…)

White House Orders Release of Strategic Reserves as Gas Prices Skyrocket

Impact unlikely to mean much for holiday travelers.

by on Sep.01, 2017

President Donald Trump is releasing some of the country's strategic petroleum reserves as gas prices soar.

U.S. gas prices are skyrocketing and, with as much as a quarter of the nation’s refinery capacity off-line in the wake of Hurricane Harvey, spot shortages are starting to develop in time for the Labor Day holiday.

That has prompted Pres. Donald Trump to release 1 million barrels of crude oil from the Strategic Petroleum Reserve. But that move is not expected to have any significant impact, especially not immediately, especially as refineries around the rest of the country are struggling to boost their output of gasoline and other distillates, rather than coping with shortages of crude.

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The crisis touched off last weekend as Harvey made its first landfall was worsened as the storm went back out to sea, regained strength and then struck near the Louisiana-Texas border bringing more flooding and taking down the nation’s single largest refinery, in Port Arthur, Texas. (more…)

Automakers Wary of Trump’s Plans for NAFTA Talks

President's plans contradict auto industry interests.

by on Aug.14, 2017

Negotiating points outlines by the Trump Administration have U.S. automakers concerned.

Despite continued promises to bring back automotive manufacturing jobs to the U.S. through a renegotiation of the North American Free Trade Agreement, the Trump Administration’s efforts are likely to harm to the auto industry.

The NAFTA talks are nearly set to begin and a few of the major sticking points outlined by U.S. negotiators have auto industry officials wringing their hands over the anticipated negative impact they’ll have.

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In attempt to increase the number of auto jobs, U.S. Trade Representative Robert Lighthizer wants to strengthen the rules of origin to block more parts from Asia as well as set a U.S.-specific content requirement for vehicles coming into the U.S. from Mexico. (more…)

Manufacturers Group Blasts Trump on Trade Policies

Organization chides Trump for breaking promises.

by on Aug.07, 2017

The Alliance of American Manufacturers blasted Donald Trump for not following through on his campaign promises about trade with China.

The Trump administration’s lack of progress on trade issues has come under fire from a group of manufacturing companies and labor unions.

“Don’t let the president’s tweets fool you. Every chance the administration has had to make meaningful change on trade policy, they’ve kicked the can down the road,” said Scott Paul, president of the Alliance for American Manufacturing.

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“Just over one year ago, President-elect Trump promised to get tough on China’s trade cheating by stopping Beijing’s intellectual property theft, massive overcapacity and currency manipulation. Now as president, Trump is currently zero for three on these issues,” Paul said.  (more…)

Mexico Auto Exports to U.S. Reach Record High in June

Results likely to charge up Trump administration efforts in NAFTA talks.

by on Jul.11, 2017

The Big Three automakers would like NAFTA to remain status quo; however, the Trump Administration is renegotiating the deal this summer.

With discussions on altering the North American Free Trade Agreement set to begin next month, Mexico’s auto exports set a record in June with the help of in shipments to buyers in the United States, according to new figures released by the Mexican Auto Industry Association.

With carmakers slowing production at plants in the U.S., these new results are certain to give new life to the Trump administration’s efforts to alter NAFTA’s terms.


Automakers generally fear that these potential changes have the potential to disrupt the international network of suppliers that have linked up plants in the U.S., Canada and Mexico. (more…)

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