Senate Finance Hearing on Tariffs Impact on Auto Industry

Auto industry executives and labor union leaders testified before the Senate Finance Committee on the potential impact of tariffs on the U.S. auto industry. The Commerce Department has initiated an investigation, authorized by a Trade Expansion Act provision, to determine whether automobile imports pose a risk to national security. Witnesses and committee members agreed that imposing tariffs would negatively impact auto sales, industry workers and consumers. Other topics addressed included, U.S.-China trade relations, NAFTA negotiations and the administration’s steel and aluminum tariffs. Sen. Orrin Hatch (R-UT) chaired this committee and Sen. Ron Wyden (D-OR) served as the ranking member. 

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Source: C-SPAN