Car Companies, Parts Makers Urge U.S. to Abandon Tariff Plan
- German, South Korean carmakers say U.S. expansion jeopardized
- Navarro says auto warnings on tariffs are ‘smoke and mirrors’
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Canadian auto parts maker Magna International Inc. has joined a chorus of automotive companies urging the U.S. not to impose tariffs on their products.
The proposed tariffs would negatively affect both the U.S. and Canada, cut jobs, and raise prices for consumers, Magna, among the the largest automotive suppliers in the U.S., said to U.S. Commerce Secretary Wilbur Ross dated June 29 and posted online.