Detroit Automakers Blast Japan Trade Deal as “Unfair Advantage”

U.S. auto giants—GM, Ford, and Stellantis—are strongly criticizing the new U.S.–Japan trade pact that lowers Japanese auto tariffs to 15%.

Transcript

00:00U.S. auto giants GM, Ford, and Stellantis are strongly criticizing the new U.S.-Japan trade pact

00:06that lowers Japanese auto tariffs to 15 percent while keeping a 25 percent rate on cars built in

00:13North America, calling it detrimental to U.S. manufacturers and workers. They argue the deal

00:19gives Japanese imports with little U.S. content on an unfair cost edge over domestic vehicles

00:25and warn that future trade agreements with the EU or South Korea could replicate this imbalance.

00:31Despite White House claims the PACs opens Japanese markets and brings in $550 billion in Japanese

00:38investment, automaker and labor groups remain skeptical, saying American workers and manufacturers

00:44may become the real losers.