Opposition Grows Against Trump’s Auto Tariff Plan

By Mark Swanson – Re-Blogged From Newsmax

All but one of the 45 scheduled witnesses expected to testify Thursday at a daylong Commerce Department hearing will oppose President Donald Trump’s auto tariffs plan, Politico reports.

And the one witness who agrees with the tariffs is advocating a targeted approach vs. the sweeping plan outlined by the administration, Politico reports.

Trump’s tariffs are uniformly opposed by the U.S. automotive industry.

“Simply put, auto tariffs are a massive tax on consumers,” one of Thursday’s witnesses, Jennifer Thomas, vice president of the Alliance of Automobile Manufacturers, wrote in prepared testimony.

“This would equate to an $83 billion tax on U.S. consumers that would trigger a domino effect on the industry and economy. When vehicle prices rise, demand drops. Lower demand means less production,” Thomas wrote, Politico reports.

Ten foreign officials are also expected to testify Thursday, including ambassadors of Mexico, the European Union and Canada, Politico reports.

The one witness expected to testify in favor of the tariffs, United Automobile Workers research director Jennifer Kelly, is also prepared to warn against sweeping tariffs.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s