European and UK trade groups call for solution to avert US auto tariffs
Trade groups representing the auto sector in the European Union and the U.K. Thursday called on leaders to find a resolution to the planned U.S. tariffs on auto imports. President Trump’s 25% tariffs on all vehicles imported to the U.S. will hurt global automakers as well as U.S. domestic manufacturing, the European Automobile Manufacturers’ Association said Thursday. “European automakers have been investing in the U.S. for decades, creating jobs, fostering economic growth in local communities, and generating massive tax revenue for the U.S. government," ACEA Director General Sigrid de Vries said. “The U.K. and U.S. auto industries have a long-standing and productive relationship, with U.S. consumers enjoying vehicles built in Britain by some iconic brands, while thousands of U.K. motorists buy cars made in America," SMMT Chief Executive Mike Hawes said.
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