American carmakers cast worried glances on Senators and union groups that want to create a level playing field with China. Senators Debbie Stabenow and Sherrod Brown, alongside union representatives and the labor-backed Economic Policy Institute try to push “the administration to bring a possible case at the World Trade Organization or begin a U.S. Commerce Department investigation that could lead to duties on Chinese-made auto parts,” as Reuters reports.
A study by the EPI alleges that the Chinese auto parts industry has received $27.5 billion in government subsidies since 2001. The study forgets that large parts of the U.S. auto industry would not be here anymore, would it not have been bailed-out by the U.S. government.
Why are carmakers horrified by the surely well-meant suggestion? Several reasons: (Read More…)
Tagged as Bertel Schmitt, Chrylser, Ford, GM, King, Stabenow, tariff, tradewar watch, uaw
Recent Comments
daiheadjai - Yes, but does it have VTEC?
fishiftstick - Wait, what? SAAB evaded taxes? Don’t you have to make money in order to have some taxes to evade? So...
danio3834 - “As for your body panel gaps, unless you’re referring to the early Fusions I’ve seen, you are hitting the crack pipe...
SkiD666 - I’m always amazed that people can’t figure out the simple logic around being courteous with a traffic circle. outside lane for 1/4 or 1/2 way around...
mike978 - My dictionary must be faulty because it seems to think Governments have authority. http://dictionary.reference...
AMC_CJ - We obviously much have different benchmarks for cars; we have a Jetta too, 01′. And I don’t find that car that great...
fishiftstick - While A123 did make some small appliance batteries, the company was mostly into big batteries for cars and the electrical grid. The demand for...
gearhead77 - That’s what the Town Car is for! Also the decked out Sprinter “excecutive” vans.
gearhead77 - Sorry, poor choice of words or maybe I’m thinking of the wrong debacle. There’s been so many recently, real or imagined. Just saying that there are some...
TR4 - I suspect it was required as part of a dry sump oiling system. Presumably when they started laying the Offy down on its...