American car rates will harm Global Authakers and American manufacturing at the same time – Acea

The European Automobile Manufacturers Association (ACEA) is deeply concerned about the announcement of American presidents of additional prices in our sector. He arrives at a time in the watershed for the transformation of our industries and as the fierce international competition rises.

European car manufacturers have been investing in the United States for decades, creating jobs, promoting the economic growth of local communities and generating massive tax revenues for the United States government, said the Director General of ACEA, Sigrid de Vries. We urge President Trump to consider the negative impact of prices not only on world car manufacturers, but also on American national manufacturing.

Prices will not only have an impact on imports in the United States, a penalty that American consumers are likely to pay, but measures on car parts will also harm car manufacturers producing cars in the United States for the export markets. European manufacturers export between 50% and 60% of the vehicles they make in the United States, making a substantial positive contribution to the American trade balance.

The EU and the United States must engage in dialogue to find immediate resolution to avoid the harmful prices and consequences of a trade war.

The European Automobile Manufacturers Association (ACEA) is deeply concerned about the announcement of American presidents of additional prices in our sector. He arrives at a time in the watershed for the transformation of our industries and as the fierce international competition rises.

About Acea the European Automobile Manufacturers Association (ACEA) Represents The 16 Major Europe-Based Car, Van, Truck and Bus Makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, Jlr, Mercedes-Benz, Nissan, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, and Volvo Group. Visit www.acea.auto for more information on the ACEA and follow us on http://www.twitter.com/acea_auto or http://www.linkedin.com/company/acea/ Contact: On the EU automotive industry 13.2 million in Europe 106.7 billion trade excess for the European Union. EU GDP generated by the automotive industry 72.8 billion R&D expenses per year, 33% of the total type of EU content press release

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