© Reuters. The AUTOMOBILE INDUSTRY warns that THE COST OF the RATES US
WASHINGTON (Reuters) – An association of automobile manufacturers american believes that the imposition of customs duties of 25% on imported cars in the United States will result in an annual increase in the price of american vehicles $ 83 billion (71 billion euros) and will cost hundreds of thousands of jobs.
The AAM (Alliance of Automobile Manufacturers, which represents General Motors (NYSE:GM), Ford (NYSE:F), Daimler (DE:DAIGn), Toyota (T:7203) and other, tell the Department of Commerce during a public hearing Thursday that “customs duties higher on the motor will penalise families and the american workers and the economy” and “increase the price of an imported car nearly 6,000 dollars, and that of a car manufactured in the United States of $ 2,000.”
The administration Trump has launched in may an investigation to determine if the vehicles and the spare parts imported were a threat to national security and the us president has repeatedly threatened to impose quick tax of 20% or 25%.
The Commerce department reported Wednesday to have taken no decision and expects to complete this investigation in a “few months”.
(David Shepardson; Catherine Mallebay-Vacqueur for the French service)