Driving American Jobs Coalition Relaunched to Oppose Auto Tariffs; NAFTA Talks Forge On With Clock Ticking
Formed last year to tout NAFTA as a success for the entire U.S. auto industry, the Driving American Jobs coalition has recently been repackaged and relaunched to oppose auto tariffs that may result from the Department of Commerce's ongoing Section 232 national security investigation. In addition to AIADA, the newly expanded group is comprised of manufacturers, parts suppliers, parts distributors, retailers and vehicle service providers. The group is undertaking a public affairs and lobbying effort to educate decision-makers about the consequences of imposing a 25% tariff on imported autos and parts.
You Auto Know Week in Review: November 3, 2017
The highly anticipated Republican tax bill, the Tax Cuts and Jobs Act, was released yesterday and a mad sprint now begins to achieve the ambitious goal of passing it before the Thanksgiving holiday. Some of the major highlights of the $1.51 trillion package include the simplification and streamlining of individual tax brackets and increasing the standard deduction, cutting the corporate tax rate from 35% to 20%, and new limits or caps on some popular deductions, including the state and local tax deduction and the mortgage interest deduction.
You Auto Know Week in Review: October 27, 2017
Earlier this week, AIADA and other auto associations, manufacturers, and suppliers, announced the creation of Driving American Jobs, a broad coalition of the U.S. auto industry concerned with proposed changes to NAFTA. In addition to AIADA, the coalition is comprised of the Alliance of Automobile Manufacturers, the American Automotive Policy Council, the Global Automakers, the Motor Equipment Manufacturers Association, and ALL their members. The goal of the effort is to educate policymakers and the public about the benefits of NAFTA to the U.S. auto industry, particularly as concern heightens over the direction and tenor of the NAFTA negotiations. The next round of NAFTA talks are set to begin on November 17.
You Auto Know Week in Review: October 20, 2017
Following the conclusion of the fourth round of NAFTA talks earlier this week, in which several controversial U.S. proposals were not received well by either NAFTA partner, the fifth round was postponed from the end of October until November 17. According to reports, there are several contentious issues on the table, including auto rules of origin, which the Trump Administration wants to see increase from the current 62.5% regional content requirement to 85%, with 50% of that now U.S. content.
You Auto Know Week in Review: October 13, 2017
As the fourth round of the NAFTA renegotiations began this week just outside of Washington, D.C., U.S. business groups began to sound the alarm with Congress about concerns surrounding the NAFTA talks, including proposed “non-starters,” and urging Congress to weigh in with the Administration.
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