National Automobile Dealers of America (NADA) America officials said the organization stands in opposition of new tariffs or quotas on imported automobiles or automotive parts.
The organization recently filed comments with the Department of Commerce outlining its position, noting any new tariffs or quotas would result in higher vehicle prices and reduced choice for the American automobile buying public.
“The president is rightfully concerned about trade imbalances and manufacturing jobs in the United States,” NADA President and CEO Peter Welch said. “But automobile production today is so deeply integrated across international boundaries that virtually all cars and trucks, domestic and international, have foreign components even if they are assembled in the United States. And a tariff, depending on how it is implemented, could raise prices dramatically for customers and threaten auto industry jobs at home.”
Welch said NADA looks forward to working with the Administration to find solutions “that don’t dramatically increase prices or limit choices for our customers.”
NADA fully appreciates the Administration’s trade goals, which include enhancing the domestic production, sale, and export of American-made automobiles and automotive parts and curbing unfair foreign trade practices involving automobiles and automotive parts. The trade goals are also seeking to reduce America’s trade deficits and increasing domestic jobs for Americans. NADA did say, however, that broad-based tariffs would result in significant negative impacts on association’s 100 percent American automobile dealers and the American working families and American businesses who buy automobiles and automotive parts from them.