INTERNATIONAL AUTOMAKERS SAY U.S. STEEL AND ALUMINUM TARIFFS WILL HARM INDUSTRY

Washington, DC, March 01, 2018 -- Statement by John Bozzella, President and CEO, Global Automakers on behalf of Here for America

"The Administration's decision to impose substantial steel and aluminum tariffs will harm the U.S. auto industry.  Combined with the risky renegotiations of the North American Free Trade Agreement (NAFTA) and the Korea-US Free Trade Agreement (KORUS), we could end up trading away the benefits of tax and regulatory reform, competitive prices, access to export markets, and good American jobs.  This approach was not successful for the United States in 2002, when 200,000 jobs were lost, and it will not work today."

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Here For America tells the story of international automakers and dealers, their ever-growing impact on the U.S. economy, and the benefits they provide to local communities. The contributions of international automakers and dealers are integral to the success of today's U.S. auto industry, the most vibrant and competitive auto market in the world. Here for America is an initiative of the Association of Global Automakers to increase public education about the importance of international automakers to American job creation, economic growth, technological innovation and strong communities. Visit www.hereforamerica.com and follow Here For America on Twitter and Facebook.

Attachment:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2de6b317-e1db-4648-a6fb-b0249fa284d1

Annemarie Pender
Here For America
[email protected]