вторник, 24 октября 2017 г.

Automakers Push Back Against Trump And Say 'NAFTA Is Working'

Automakers Push Back Against Trump And Say 'NAFTA Is Working': A new coalition off major automakers, suppliers and auto dealers is being launched, it will try to urge President Donald Trump not to withdraw from the North American Free Trade Agreement. Nearly every major automaker is part of it: General MotorsToyota Motor Corp., Volkswagen AG, Hyundai Motor Co., Ford Motor Co. and few others. They are backing an advertising campaign to convince the White House and voters that the agreement has been crucial in boosting U.S. automotive sector production and jobs.

United States Trade Representative Robert Lighthizer, flanked by U.S. Chief Negotiator John Melle and U.S. General Counsel Stephen Vaughn, speaks at a news conference prior to the inaugural round of North American Free Trade Agreement renegotiations in Was



Trump has threatened to withdraw from the trade deal with U.S., Canada and Mexico, which is heavily utilized by automakers who have production and supply chains spread across the three countries. In the most recent round of talks to renegotiate NAFTA last week, Trump proposed changes to the rules of origin for autos, which are used to determine how much of an auto is made in a certain place. The proposed rules were viewed as untenable for automakers, as well as Mexico and Canada.

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