American Car Companies Are Pissed About Trump’s Japan Trade Deal
American car manufacturers report that Trump’s trade agreement with Japan promotes Japanese car manufacturers compared to them in another René in the so-called “America First” agenda.
Trump initially announced a 25% rate on all imports of foreign cars in April. But on Tuesday, he announced a trade agreement that lowered the prices to 15% for Japanese cars and automotive parts. Meanwhile, American automotive companies still have to face the 50% rates that Trump has put on the steel and aluminum they need to build their product.
“We have to review all the details of the agreement, but this is an agreement that will charge lower prices on Japanese cars without American content,” said Matt Blunt of the American Automotive Policy Council, which represents General Motors, Ford and Stellantis.
The United Auto Workers Union said it was “deeply angryBy Trump’s agreement with Japan.
“For decades, Japanese car manufacturers have exploited free access to the American market while not doing the good of American workers. Now, instead of solving the problem, this offer gives them another break – at the cost of companies and even workers who have built the American automotive industry in the world standard for good jobs and world class products, “the statement said.
“A better deal would have held Japanese car manufacturers with the same standards as American workers fought at GM, Ford and Stelllantis.” We need commercial transactions that increase standards – does not reward the race down. This agreement is the opposite. “
The president fell back to the countries he tried to stick out of arms a few months ago, while injuring the national industry in the process. Trump clearly prioritizes Japanese cars on American cars is also likely to harm people who have supported it in states like Wisconsin and Michigan, where car manufacturing plays a crucial role in the economy.
