Automakers Seek Assistance After Trump Says He’ll Help Industry
- Carmaker, supplier groups ask key lawmakers for tax relief
- President’s pledge to parts makers followed liquidity pleas
Donald Trump speaks during a teleconference with governors FEMA headquarters in Washington on March 19.
Photographer: Evan Vucci/AP Photo/Bloomberg
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Automakers and parts suppliers both asked lawmakers for stimulus measures to help U.S. car industry cope with the coronavirus, with President Donald Trump signaling he’s willing to assist the sector.
In a letter Friday, industry groups asked the government to delay the implementation of the USMCA trade agreement beyond June 1 in addition to several forms of tax relief, including a deduction or credit for companies providing paid sick leave and a temporary employer payroll-tax holiday.