Automakers Lobby Against Tariffs
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Most auto suppliersCNBC
•Technology
Technology
Auto groups lobby Trump administration against parts tariffs in rare unified message
68% Informative
Six of the top policy groups representing the U.S. automotive industry are uncharacteristically joining forces to lobby the Trump administration against 25% tariffs on auto parts that are set to take effect May 3 .
The letter notes many auto suppliers are already "in distress" and wouldn't be able to afford the additional cost increases.
The groups say they represent the country's No. 1 manufacturing sector that supports 10 million American jobs in all 50 states.
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