Ford and GM are justifiably upset, as the trade deal with Japan serves to buoy Japanese carmakers while putting American carmakers at a disadvantage.
The administration imposed a 25% tariff on foreign auto manufacturers in April, which also applies to cars made by American automakers from parts imported from Mexico and Canada.
Now, the administration is lowering the tariff for Japanese autos and auto parts to just 15%, meaning US automakers will face higher tariffs than Japanese automakers.
US automakers feel that any deal which charges a lower tariff for Japanese imports with virtually no US content than it does North American-built vehicles with high U.S. content is a bad deal for the US industry and US auto workers.
I support reasonable protectionism. The US government should look out for the home teams. Period.
I would like to bring the production of all cars and trucks made in Mexico and sold in the US.......to the US. If you sell it here, you build it here. The exceptions being very low volume models. To be more clear, all Freightliner, International and Volvo trucks sold in the US must be produced in the US. All trucks produced in that lawless abyss called Mexico must remain south of the border. Period. If the Europeans can't digest that, then they should sell the former US-owned truckmakers. I know some interested American investors.