Trade Cases
July 9, 2018
SMU Market Trends: Most Feel Auto Imports Not a Real Threat
Written by Tim Triplett
Are imports of motor vehicles and auto parts a threat to the security of the United States? More than three out of four respondents to last week’s Steel Market Update market trends questionnaire say no.
Citing the same argument that it used to justify the tariffs on steel and aluminum under Section 232 of the Trade Expansion Act of 1962, the Trump administration contends imports of cars and trucks are a danger to a healthy domestic automotive industry. “Core industries such as automobiles and automotive parts are critical to our strength as a nation,” said the White House.
