TORONTO, June 1, 2018 /CNW/ - The Global Automakers of Canada, on behalf of its 15 member companies, reiterated today the concerns of the membership regarding the steel and aluminum tariffs imposed by the President of the United States on NAFTA partners as well as the European Union.
"The automotive Industry is completely globalized. Pretending that this is not the case is myopic, misguided and harmful to our collective economies," said David Adams, President of the Global Automakers of Canada.
"More importantly tariffs are essentially taxes that are paid by American consumers who disadvantaged by these actions," added Adams.
About Global Automakers of Canada
Global Automakers of Canada is a national industry association representing fifteen exclusive Canadian distributors of the most prestigious automotive brands in the world. The members of the GAC were responsible for 57% of overall vehicle sales in 2017. The members support some 77,000 direct and indirect jobs in Canada along with 60% of Canada's 3,331 dealers across Canada.
SOURCE Global Automakers of Canada
For further information: David Adams, President, Global Automakers of Canada, 1 Concorde Gate, Suite 701, Toronto, Ontario, M3C 3N6