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Auto Leaders Urge Trump To End Trade Turmoil & Government Shutdown

Video Credit: Wochit - Duration: 00:46s - Published < > Embed
Auto Leaders Urge Trump To End Trade Turmoil & Government Shutdown

Auto Leaders Urge Trump To End Trade Turmoil & Government Shutdown

According to a report by Reuters, on Monday, Auto executives gathered in Detroit called on the Trump administration and Congress to resolve trade disputes and end the government shutdown as political uncertainty extracts a heavy toll from the industry.

Reuters reports that U.S. trade officials are negotiating a new deal with China in hopes of avoiding new tariffs, while a new regional trade agreement with Canada and Mexico is still awaiting congressional approval.

Fiat Chrysler Automobiles Chief Executive Mike Manley told reporters at the Detroit auto show that U.S. metals tariffs will raise the automaker’s 2019 costs by $300 million to $350 million based on the automaker’s 2018 U.S. sales.

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