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RSS FeedsCanadian industry leader calls reported U.S. move to pressure automakers `breathtakingly stupid´
(The Star Toronto Raptors)

 
 

30 october 2019 23:06:22

 
Canadian industry leader calls reported U.S. move to pressure automakers `breathtakingly stupid´
(The Star Toronto Raptors)
 


OTTAWA— The Canadian government is taking a wait-and-see approach to a report the Trump administration wants more power to tell automakers where to locate their production plants.Bloomberg News reported Tuesday that the White House is pursuing its effort in exchange for allowing companies longer to adjust to tougher new rules on North American content for vehicles intended for duty-free sale within the NAFTA free-trade zone. The negotiations are taking place in parallel to discussions U.S. Trade Representative Robert Lighthizer is having with Democrat lawmakers, who are seeking changes to the new NAFTA deal, according to Bloomberg. The Democrats are pressing for more labour enforcement powers and shared environmental standards, along with changes to pharmaceutical industry protections.Flavio Volpe, head of the Automotive Parts Manufacturers Association in Canada, called the idea that the White House would be able to force U.S. automakers to make “politically expedient” investment decisions “breathtakingly stupid.”“It’s a recipe for inefficient business decisions that are laced with political interference,” he said in an interview.Volpe said it’s ironic that the Trump administration would fight a trade war against China and oppose its central planning economy only to turn around and impose “central planning tactics on U.S. companies to meet political objectives.”“We have this mind-crushing idea that a political appointee or a mid-level trade official is going to know better than a major automaker where to put a plant?” said Volpe. “Once you start ... trying to influence those decisions politically, I mean, then we’re in Bolivia.”Volpe says it’s up to U.S. automakers to push back, and suggested that with an impeachment inquiry underway in an election season, they have leverage against President Donald Trump that they didn’t three years ago.The Canadian gover ...


 
32 viewsCategory: Sports > Ball Sports > Basketball > NBA > Toronto Raptors
 
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