The Property Casualty Insurers Association of America (PCI) made a presentation Saturday to the National Association of Insurance Commissioners’ (NAIC) Property and Casualty Insurance (C) Committee on the potential effect of tariffs on auto insurance costs and consumers. “Tariffs on auto parts could have a significant adverse economic impact on consumers, automobile repair providers, business, […]
Senate Finance Committee Holds Hearing on Impact of Tariffs on the U.S. Auto Industry
The U.S. Senate Finance Committee yesterday held a hearing to examine the impact of tariffs on the automobile industry in the U.S. Senate Finance Committee Chairman Orrin Hatch (R-Utah) has been critical of the Trump Administration’s expanding use of tariffs. In May, In Hatch called the Department of Commerce Section 232 investigation into imports of […]
Trump Administration Announces Preliminary Mexico Trade Agreement
President Trump yesterday announced that it had secured a preliminary United States–Mexico Trade Agreement that it believes modernizes and rebalances the trade relationship to reflect the realities of the 21st century. The effort, part of the Administration’s effort to renegotiate the North American Free Trade Agreement (NAFTA), includes “rules of origin” requirements to incentivize billions […]
Coalition Launches Campaign to Oppose Section 232 Auto Tariffs
The Driving American Jobs Coalition, a group representing the United States’ auto manufacturers, parts suppliers, auto dealers, parts distributors, retailers, and vehicle service providers, announced the formation of a new coalition to oppose potential new tariffs on imported automobiles and motor vehicle parts. In July, the U.S. Department of Commerce heard testimony from OEM and […]
OEM and Aftermarket Parts Suppliers Testify at U.S. Commerce Department Hearing
Representatives from Auto Care Association, Automotive Body Parts Association, Certified Automotive Parts Association and the Motor & Equipment Manufacturers Association testify against imposing broad-based tariffs on imported automobiles and parts. Among a full day of testimony by executives from more than 40 auto industry businesses and associations, representatives of both OEM and aftermarket parts testified […]
Automotive Groups Urge White House Not to Impose Tariffs on Imported Autos and Auto Parts
Vehicle manufacturers, dealers and aftermarket companies join together in opposition to higher tariffs. Seven automotive industry groups representing vehicle manufacturers, dealers and both OEM and aftermarket suppliers have joined together to urge the White House to not impose higher tariffs on imported autos and auto parts. The groups include: Alliance of Automotive Manufacturers American Automotive […]
MEMA Opposes Additional Tariffs on China
Responding to the Trump Adminstration’s announced of additional “301” tariffs on China, the Motor & Equipment Manufacturers Association (MEMA) released a statement saying it opposes using tariffs to curb intellectual property (IP) theft and believes that the current, continued, and expected retaliatory tariffs could negate the Trump administration’s recent successful work on behalf of American […]
NADA Warns Auto Tariffs Will Raise Prices, Limit Choice and Depress Demand for New Cars and Trucks
In comments filed June 29 to the U.S. Department of Commerce, the National Automobile Dealers Association (NADA) opposed the imposition of new tariffs or quotas on imported automobiles or automotive parts. NADA fears that any new tariffs or quotas will result in higher vehicle prices and reduced choice. The NADA is one of the latest […]
Vehicle Manufacturers, Independent Parts Suppliers Raise Concerns on Tariff Proposals
Both OEMs and independent collision repair parts providers raise concerns with Department of Commerce Section 232 Investigation that could result in 25 percent tariffs on imported autos and parts. On May 23, U.S. Secretary of Commerce Wilbur Ross initiated an investigation under Section 232 of the Trade Expansion Act of 1962 to determine whether imports […]
MEMA Says Tariffs on China Would Hurt U.S. Parts Manufacturers
The Motor & Equipment Manufacturers Association (MEMA), the trade association for motor vehicle and mobility suppliers and parts manufacturers and remanufacturers, while applauding the administration’s continued focus to protect intellectual property, opposes using tariffs to curb intellectual property theft. MEMA believes that retaliatory tariffs could negate the Trump administration’s recent successful work on behalf of […]