Posts Tagged ‘Trump news’

Makers Claim Trump Investigation of Auto Imports Ill-Conceived

Trade Expansion Act clause not intended for this type of use.

by on May.25, 2018

President Donald Trump instructed Commerce Secretary Wilbur Ross, left, to determine if auto imports are a threat to national security.

The Trump administration’s decision to launch a complex investigation to determine if the import of finished vehicles and automotive components represents a threat to national security brought a swift reaction from carmakers and other groups.

The Alliance for Automobile Manufacturers in Washington D.C., the industry’s principal lobbying group in the U.S. Capitol, said the investigation launched by the U.S. Commerce Department under Section 232 of the Trade Expansion Act of 1962 is a process that has rarely been used and traditionally has not focused on finished products.

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“We are confident that vehicle imports do not pose a national security risk to the U.S. Last year, 13 domestic and international automakers manufactured nearly 12 million vehicles in the U.S. The auto sector remains the leading exporter of manufactured goods in our country,” the Alliance noted in a statement. (more…)

Trump Promises Good News for Auto Workers

Presiden implies deal on NAFTA is near, but others dispute the notion.

by on May.23, 2018

President Donald Trump promised American auto workers they'd be "very happy" very soon.

President Donald Trump implied that the end of negotiations over NAFTA are near and that the end result will be good for hourly workers at automakers across the U.S.

“There will be big news coming soon for our great American Autoworkers. After many decades of losing your jobs to other countries, you have waited long enough!” Trump said in a tweet.

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One of Trump’s campaign promises was to secure a new North American Free Trade Agreement that was more favorable to the U.S. The three countries – Canada, Mexico and the U.S. – have been in talks for nearly a year now. (more…)

Trump Signs Bill Erasing Protection of Minority Auto Buyers

Senate-approved legislation finds it way to Trump's desk.

by on May.22, 2018

President Donald Trump signed a bill changing the CFPB's position on third-party lending.

The bill repealing the auto-lending guidance from the Consumer Financial Protection Bureau, revoking a Obama administration rule that was put in place to protect minority customers from predatory practices has been signed by President Donald Trump

Trump’s signature on the congressional resolution erases the CFPB’s 2013 guidance targeting “dealer markups,” the additional interest that is added to a customer’s third-party auto loan as compensation for the dealer, according to The Hill, a newsletter that follow Congress.

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The Hill reported the president signed the resolution in a private White House signing ceremony. (more…)

Trump Meets With Automakers About CAFE, Blasts NAFTA Instead

President pushes companies to build more cars in U.S.

by on May.11, 2018

Ford CEO Jim Hackett looks on as President Donald Trump makes a point during a meeting with automakers.

The much-anticipated meeting between a 10 automakers and Trump administration officials to discuss rolling back Obama-era fuel economy standards resulted in smoke, but no fire.

President Trump and the head of the Environmental Protection Agency Scott Pruitt met with the heads dozen automakers, including General Motors CEO Mary Barra, Ford Motor Co. CEO Jim Hackett and Fiat Chrysler CEO Sergio Marchionne.

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A proposal from the U.S. Transportation Department would freeze Corporate Average Fuel Economy, or CAFE,requirements at 2020 levels through 2026, rather than allowing them to increase as previously planned. Trump’s administration is expected to formally unveil the proposal later this month or in June. (more…)

Trump Drags Heels as NAFTA Negotiators Push Forward

Rhetoric increases confusion, delay in getting new deal done.

by on Apr.13, 2018

U.S. Trade Representative Robert Lighthizer and his team are pushing ahead in NAFTA talks despite President Trump's criticism of the pact.

As the Trump Administration’s NAFTA negotiation team continues to try to hammer out a deal, making incremental progress, the president appears to want to hamstring the group at every opportunity.

Just yesterday it was revealed that U.S. trade negotiators reduced their demand for regional auto content to 75% from the 85% they demanded originally. Eduardo Solis, the head of Mexico’s automotive industry association, confirmed the move today.

Promises, Promises!

However, speaking at the White House Thursday, President Trump told reporters he’s willing to “renegotiate forever,” as he tries to secure terms that are better for the automotive industry. The terms include an increase in North American content required in new vehicles now. (more…)

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.

Automotive Insight!

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?”

Global Auto News!

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…)

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