U.S. Vice President Mike Pence will visit southeast Michigan on Wednesday to mak...
WASHINGTON - U.S. Vice President Mike Pence will visit southeast Michigan on Wednesday to make the case that the North American trade deal intended to replace NAFTA would boost the auto industry, the White House said on Tuesday.
Pence will speak at an event with automakers and auto suppliers in Taylor, Michigan and will tour a Ford Motor Co truck plant in Dearborn as the administration works to convince Congress to ratify the new trade deal - the United States-Mexico-Canada Agreement . The U.S. International Trade Commission on Thursday estimated that under the deal U.S. auto industry employment would rise by 30,000 jobs for parts and engine production, but that the number of U.S. vehicle assembly jobs would decline. U.S. vehicle prices would rise up to 1.6 percent, causing consumption to fall by 140,000 units per year, or about 1.25 percent of 2017 sales, the report said.
The auto industry is deeply concerned about the Trump administration’s consideration of whether to impose up to 25 percent tariffs on imported cars and parts on national security grounds.
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