The Coalition for a Prosperous America breaks the story:
China recently became the world’s largest car exporter, and by all accounts their global market share will keep expanding. One silver lining, at least, is that more and more leaders are figuring out that absent tariff increases, our nation will become a slave to foreign nations that do prioritize production.
In the last week, two of the most prominent voices in the automotive industry have plainly and clearly said that without tariff increases, the American car industry faces an existential threat. The United Auto Workers (UAW) submitted a detailed call to USTR, and subsequently Tesla CEO Elon Musk cautioned that absent tariffs or other trade barriers, Chinese carmakers would “pretty much demolish” their foreign rivals.
