D he largest American auto company General Motors (GM) has president Donald Trump warned of higher import duties on vehicles from abroad. Should the government increase the barriers to trade for automakers, it would create risks that could hurt competitiveness in the United States and lead to job losses. the group said on Friday ,
Previously, the lobbying association Auto Alliance already had to go to the side GM including industry greats like Ford, Toyota or Volkswagen, warned against high costs for consumers , “Tariffs on cars and car parts increase prices for customers, they diminish the selection and invite trading partners to retaliate,” it said in the appeal.
No exit from the WTO planned
Trump is threatened with higher tariffs on car imports in the trade dispute, in particular by the European Union, and is currently investigating whether these represent a danger to the national security of the United States. With the same, highly controversial, justification, his government had recently imposed high tariffs on steel and aluminum. The investigation will be completed in three to four weeks, said Trump on Friday in front of journalists aboard the presidential machine on a similar question. Trump has threatened to impose a 20% import tariff on European cars if the EU does not reduce trade barriers.
Trump claims to be currently seeking no exit of its country from the World Trade Organization ( WTO ) at. The United States has been treated very badly by the WTO, Trump said. However, he is currently considering no exit from the organization.
The news portal Axios had cited an insider Trump threatened a withdrawal many times. Trump said that the WTO was created by the rest of the world to “rip off” the United States. However, Trump’s economic advisers were on the run against it if the president made the proposal. An implementation is also in the way, that for the step the approval of the congress would be necessary.