SEMA: All Aftermarket Products Threatened by Next Wave of Tariffs
SEMA CEO and President Chris Kersting this week authored a letter on behalf of the association that stated opposition to additional tariffs proposed for Chinese imports. The letter was issued on June 17 to Robert Lighthizer, the U.S. trade representative.
“Most of our industry’s auto parts are already subject to 25 percent tariffs,” Kersting said in the letter. “The bulk of these products fall under the List 3 tariffs, everything from engines and metal fasteners to tires, gaskets and brake pads. Lists 1 and 2 include some metal, rubber and plastic parts incorporated into auto equipment. List 4 guarantees that if a member product is not already subject to a tariff, it will be now.”
Click the download red button below to read Kersting’s letter in its entirety.
The U.S. Trade Representative (USTR) is reviewing comments on 25 percent tariffs that may be imposed on more than $300 billion worth of imports from China. President Donald Trump could impose the tariffs if current trade negotiations between the U.S. and China are unsuccessful, according to SEMA.
While supporting the Administration’s efforts to protect intellectual property rights, eliminate forced technology transfers and address currency manipulation, among other issues, SEMA submitted its comments voicing concern that U.S. tariffs currently being imposed and threatened may be counterproductive and injurious to American businesses, workers and consumers.