UAW Leader Supports Trump’s Tariffs as Critical for U.S. Jobs

UAW leader Shawn Fain supports President Trump’s tariffs on Canada and Mexico, characterizing them as essential to stopping job losses in the U.S. He criticizes trade agreements like NAFTA and emphasizes the urgency of addressing trade-related job hemorrhaging. Tariffs may lead to significant price increases for consumers, particularly impacting the auto industry as costs rise due to tariffs on imported parts.

Shawn Fain, president of the United Auto Workers (UAW), defended President Donald Trump’s tariffs on Canada and Mexico during an interview on ABC News’ “This Week.” He characterized these tariffs as a necessary measure to address the ongoing job losses in the United States, emphasizing that the international trade system is fundamentally flawed. Fain stated, “We are in a crisis mode in this country” and indicated that tariffs, while not a final solution, are crucial in mitigating these job losses.

Fain attributed the decline of American jobs over the past 33 years to the North American Free Trade Act (NAFTA) and expressed skepticism toward the US-Mexico-Canada Agreement (USMCA), negotiated by Trump, which replaced NAFTA. He described tariffs as part of an urgent response to “stop the bleeding” of U.S. jobs. The delays of the 25% tariffs on auto imports are anticipated to impact the industry significantly, with many voicing concern over how these tariffs will affect consumer prices.

The interconnectedness of the North American auto industry means that tariffs may increase costs for automakers and consumers alike, as parts often cross the U.S.-Canada-Mexico border multiple times throughout production. An analysis by the Anderson Economic Group indicates that auto tariffs would lead to considerable price increases: for example, crossover utility vehicles may see prices rise by at least $4,000, while electric vehicles could increase by over $12,000.

In addition to the economic implications of higher car prices, the tariffs may also provoke retaliation from Canada and Mexico, which could further strain U.S. export markets. This trade situation is described by Fain as a “triage situation,” emphasizing the urgent need to address the structural issues in trade policy affecting American workers.

In conclusion, UAW President Shawn Fain has voiced strong support for President Trump’s tariffs on Canada and Mexico, articulating their role in curbing the significant job losses experienced in the United States. He highlights the challenges posed by the outdated trade agreements and warns of potential price increases in the auto industry. As these tariffs may spark retaliatory measures from neighboring countries, the situation remains critical for the overall health of the U.S. economy and its job market.

Original Source: www.foxbusiness.com