GM WARNS: Trump’s tariffs ‘undermine our ability to compete’

2019 Mazda CX-5 Gets 190 HP Diesel and New Skyactiv Technology in Japan

Both of the companies in Alabama's newest auto manufacturing plant project have voiced their opposition to possible tariffs on imported vehicles and auto parts being investigated by the Trump Administration.

Trump launched an investigation into imported vehicles in May, and repeatedly threatened to impose a 20 percent import tariff on vehicles.

Washington-based trade group The Association of Global Automakers, which represents automakers from outside the USA, says Trump's tariffs are "the greatest threat to the US automotive industry at this time", Bloomberg reports. "Even the Toyota Camry, the best-selling vehicle in America, made in Georgetown, Kentucky, would face $1,800 in increased costs", Toyota said in a statement.

Toyota Motor filed separate comments opposing the tariffs on Friday saying they would "threaten USA manufacturing, jobs, exports, and economic prosperity".

The Commerce Department plans two days of public hearings next month and Commerce Secretary Wilbur Ross said last week he aimed to wrap up the probe into whether imported vehicles represent a national security threat by late July or August. Toyota says it plans to make comments. Whereas Toyota went for the throat by saying Americans working for it are not a national security threat, Mazda steered clear of giving witty responses.

The U.S. automaker warned that an escalating trade war could backfire and lead to "less investment, fewer jobs and lower wages".

GM, the biggest USA automaker, said it employs about 110,000 people across 47 manufacturing facilities and 25 part facilities in the United States and the company remains "committed to our home market".




Navarro added that Trump, having passed a tax cut that helps companies like GM and Harley, "felt betrayed" when they then threatened to move production jobs outside the USA in response to the retaliatory actions of foreign countries to Trump's tariffs. The input "will enable us to make our best informed recommendation to the President", he said. He's also imposing steep tariffs on foreign steel and aluminum.

In such a situation, GM said, it would either have to raise prices or move its manufacturing facilities. The EU, for example, has a 10% tariff on vehicles imported from the U.S. China's imposes a 25% duty on U.S. cars.

Akio Toyoda, chairman of Japan Automobile Manufacturers Association (JAMA) said his group is "gravely concerned" about the Department's investigation, saying it will "create uncertainty among automobile users in the USA and people involved in the motor vehicle industry".

General Motors warned on Friday that potential tariffs on US auto imports threaten to hit consumers with higher prices.

Among the US vehicles that GM builds overseas are the Buick Cascada, which is assembled in Poland, and the German-made Buick Regal.

The deadline to submit comments was Friday. Detroit's "Big Three" and other manufacturers, including BMW and Mercedes-Benz, export vehicles from US factories to overseas markets.

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