General Motors chief Mary Barra said today her company needs a level playing field on trade with other countries, with equivalent or no tariffs in order to successfully compete in a global auto industry. She made her comments during a "Talks at GS" conversation with Goldman Sachs Chairman and CEO Lloyd Blankfein that was carried by Yahoo Finance, a sister site to Autoblog.
The administration could push a U.S.-content carveout for vehicles, one of a couple of things automakers are against.
The 28-member European Union and the United States are currently negotiating a free trade agreement that, if successfully concluded, would rewrite the rules of international exchange for 46 percent of global trade. The magnitude of the potential deal means just about everyone is trying to influence parts of the deal, from the Sierra Club and almost 200 other organizations fighting the Jonathon Ramsey
With American buyers just beginning to wrap their heads around inexpensive Chinese cars coming to market, a new free trade agreement between Malaysia and the U.S. promises to add a few unfamiliar names to the likes of 'Geely' and 'Brilliance.' The pending FTA (expected to be approved next year) could double two-way trade between the U.S. and Malaysia by 2010, paving the way for auto companies like Perodua and