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.
Trump administration demands in NAFTA trade negotiations meant to push auto jobs back to the United States may not be enough to spark a shift in where automakers build cars and trucks.
Ten American and foreign automakers went to the White House on Friday to push for a weakening of U.S. fuel efficiency standards through 2025, while President Donald Trump used the occasion to launch a fresh attack on the North American Free Trade Agreement that has benefited the companies.
U.S. President Donald Trump has postponed the imposition of steel and aluminum tariffs on Canada, the European Union and Mexico until June 1, and has reached agreements for permanent exemptions for Argentina, Australia and Brazil, the White House said.
U.S. proposals on rules of origin that govern what percentage of a car needs to be built in the NAFTA region to avoid tariffs would hurt American consumers, lead to lower U.S. vehicle sales and hurt U.S. car exports, according to a study released on Thursday.
The U.S. government has dropped a demand that all vehicles made in Canada and Mexico for export to the United States contain at least 50 percent U.S. content, The Globe and Mail reported on Tuesday, citing sources.
'Mistaken prescription,' China says; Europe readies trade-war 'arsenal'
Automakers say NAFTA collapse would cost them $10B a year and eliminate 50,000 U.S. auto parts jobs
The North American Free Trade Agreement will probably be renegotiated successfully with only marginal changes.
It's the latest move in CEO Jim Hackett's streamlining strategy.
The 70 representatives are from states with auto plants.
The whole sector aligns against him in a new coalition.
First-ever U.S.-specific content requirement of 50 percent proposed.
If tariffs go back up, jobs will go to China, study says.
Trade experts say the NAFTA talks are likely to stall in the face of aggressive U.S. attempts to sharply increase content requirements for autos and auto parts.
The rules of origin about U.S. content are a huge sticking point.
The administration could push a U.S.-content carveout for vehicles, one of a couple of things automakers are against.
WASHINGTON - The Trump administration on Thursday formally launched its effort to renegotiate the North American Free Trade Agreement with Canada and Mexico to try to win better terms for US workers and manufacturers. With a letter to lawmakers, Trade Representative Robert Lighthizer said he triggered a 90-day consultation period with Congress, industries and the American public that would allow talks over one of the world's biggest trading blocs to begin by Aug 16. Renegotiation of NAFTA was
Mexico accounts for a fifth of North American auto production.