Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Design & Production
Design & Development
Return to: ABR Home | Design & Production | Design & Development

ACEA expresses concerns over US probe into auto imports

ABR Staff Writer Published 29 May 2018

The European Automobile Manufacturers’ Association (ACEA) has expressed concerns on the national security investigation by the US into the imports of motor vehicles and auto parts.

ACEA stated that European auto manufacturers not only import vehicles and parts into the US, but also have a major footprint in the country, which in turn create several direct and indirect jobs.

Also major part of the production done in the US is exported to the third countries including the European Union.

ACEA secretary general Erik Jonnaert said: “Automobile manufacturers active in both Europe and the US are truly global players with interests in both regions.

“Any trade-restrictive measure in the automotive sector will have a serious negative impact not only on the EU, but also on the US and the global economy.”

The auto-related trade between the US and EU accounts for nearly 10% of the total trade between the two regions.

Jonnaert said: “The automobile industry is a major investor in both the American and the European economies, creating economic growth and employment. We are convinced that vehicle imports from the EU do not pose a national security risk to the United States.”

The Trump administration's investigation into automotive imports has not only provoked widespread opposition within the US, but also from across the Europe.

The US Commerce Department has initiated Section 232 investigation into the national security implications of automobile imports, including sport-utility vehicles, vans and light trucks and automotive parts.

The same law was used by the Trump administration to impose tariffs on steel and aluminium which is said to have harmed the US economy resulting in higher costs for US businesses and consumers.

US Chamber of Commerce president and CEO Thomas Donohue has stated that the imposition of this tax can hamper the very auto industry that the government seeks to protect.

Image: EU slams US’s investigation into European automakers. Photo: Courtesy of ACEA.