Auto Industry Professionals Advise Against Commerce and Foreign Trade Tariffs

On July 20, 2018, automotive industry professionals testified at a Commerce Department hearing regarding the increase in auto tariffs that would impact the automotive industry and consumers in the United States.

Stakeholders are testifying on a united front against the Trump administration. The presidential administration launched an investigation on whether imports of automobiles and parts pose as a national security threat. If passed, a 25 percent increased tariff would limit foreign trade and weaken manufacturing growth in the United States.

The National Automobile Dealers Association (NADA) President Peter Welch gave a testimony explaining the concerns of the automotive industry, “the National Automobile Dealers Association recognizes the importance to the U.S. of leveling the trade playing field, eliminating unfair trade practices and keeping America’s automotive industry strong. But a 25-percent tariff applied to all imports would hurt auto manufacturers, dealers, consumers and the economy as a whole. And the hardest hit would be our customers.”

In an article from Tire Business, “three in 10 shoppers said they would switch the type of vehicle they are considering, either from new to used, or certified pre-owned, or from imported models to domestically produced vehicles. And one in seven consumers would delay purchasing a vehicle until the tariffs are removed, with only 7 percent saying they would pay more an imported vehicle they liked.”

For UMD, this means that achieving efficiency and cost saving abilities when outfitting a tire sorting operation is more important than ever. UMD modular tire and wheel systems ensure that newly manufactured tires and wheels move through the entire assembly process efficiently. Our completely integrated systems maintain a consistent flow of product through valve stem installation, dynamic rim balancing, pressurizing inflation, tire sequencing, tire stacking and trailer loading – without delays, back-ups or waste.

At UMD, we want to understand your process challenges, equipment needs, and performance objectives. Then we provide a system that will meet your goals and exceed your expectations. We strive to provide solutions that improve productivity, increase efficiencies, are constructed of durable materials, and have low maintenance requirements. The larger goal is to your reduce the total cost of ownership, and extending the overall life cycle of your system. UMD builds systems designed around the specific products and the unique requirements of each customer. Because of our customized approach, we are able to achieve an exact fit between the application and objective each and every time.

Regardless if the tariffs pass, UMD’s services will continue to contribute to tire makers’ bottom line – increasing efficiency, saving money and distributing tires faster.

Learn more about the tarriffs in this article from Tire Business: http://www.tirebusiness.com/article/20180719/NEWS/180719941/auto-industry-to-inform-commerce-about-tariffs-negative-effects

 

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