Detroit Three automakers raise concerns about Japan trade deal
By David Shepardson
Washington (Reuters) -Late Day General Motors Ford and Chrysler -A group representing the Babeveyn Stellantis increased concerns about a trade agreement that may fall from 25% to 15% from 25% to 15%.
Matt Blunt, who presided on the American Automotive Policy Council, representing the Detroit three automobile manufacturers, is still reviewing the agreement, but a bad agreement for a lower tariff for Japanese imports with the tariff applied to North American vehicles with high US content of USA content, a bad agreement for the US industry and US car workers, “he said.
On August 1, Trump threatened to increase tariffs in Mexico to 30% and 35% to Canada.
White House spokesman Kush Desai defended the agreement and said, “A historical win for American automobile manufacturers, Japan’s unjust automobile for American -made cars,” he said.
GM said on Tuesday, the second quarter earnings of the tariffs of 1.1 billion dollars of a blow and the third quarter expects the impact to deteriorate, he said.
Stellantis said on Monday, in the second half of 2025, the US expects more effects than the tariffs on vehicles and Trump’s tariffs cost 300 million euros ($ 352 million) and reduce some production to adjust the production levels of the company, he said.
AAPC in May, Trump’s trade agreement announced with the UK criticized the US automobile sector, he said.
British automobile manufacturers will be given 100,000 automobile quotas annually, which will be sent with a 10% tariff ratio exported by Britain last year.
“This hurts American car manufacturers, suppliers and automobile employees.” He said.
In April, Trump softened the impact of automobile tariffs by alleviating the impact of tasks on parts and materials, but left 25% tariffs on imported vehicles.
In addition, the US-Mexico-Canada Trade Agreement has expanded a customs-free exemption for North American sections that meet the rules of origin.
(1 $ = 0.8521 Euro)
(Reporting by David Shepardson; Editing by Christopher Cushing and Stephen Coates)
