Trump Threatens Big Tariffs on Car Imports
Donald Trump, a leading presidential candidate for the Republican Party in the United States, emphasized that if he succeeds in his re-election this year, he will impose tariffs on imported cars to protect the U.S. auto industry.
On the 28th (local time), former President Trump stated on his social media, “I want all types of cars to be made in the United States,” and “I will use tariffs and other means to encourage China and other countries to build factories in the U.S.”
If former President Trump is re-elected, there may be an increase in trade barriers for the auto industry. The Trump campaign claimed cars and car parts from Europe, Japan, Mexico, Canada, and South Korea were responsible for the U.S. trade deficit. During his presidency, Trump considered imposing tariffs on cars and car parts for national security reasons. Donald Trump had the intention to propose a 25% tariff on cars exported from Mexico where many major global automakers have factories, however, he ultimately agreed to strengthen the standard of origin through the U.S.-Mexico-Canada Agreement (USMCA) and exempted additional tariffs for up to 2.6 million cars (combined with Mexico and Canada) that met this standard.
These remarks from former President Trump came after Sean Paine, former chairman of the United Auto Workers (UAW), declared his support for President Joe Biden. Former President Trump claimed that “Chairman Paine is selling the auto industry to China,” and “55% of the auto industry has already left the U.S., and the rest will soon follow if I don’t become president.” in his social media post.
He also criticized the Biden administration’s policy to expand electric vehicles, saying, “Electric cars require far fewer workers to produce a single car, and more importantly, if consumers don’t want electric cars that much then all the electric cars will be made in China.”
By. Ju Yeon Baek