Opinion: Trump needs to invest in auto industry, not just farmers
Opinion: Trump needs to invest in auto industry, not just farmersDavid Guralnick, The Detroit NewsMary Buchzeiger | The Detroit NewsWhen President Trump promised $12 billion in emergency relief to support farmers hurt by his trade war, one Republican senator asked how he could single out the agriculture sector when many other industries stand to lose in the tariff tumult. If the president defines a successful outcome of the tariff battle as strengthening our US manufacturing base, then he will need to invest as well in the energy and manufacturing sectors – starting with the U.S. auto industry. I am the CEO of Lucerne International, an automotive supplier in Metro Detroit that won an exemption from the president's first round of tariffs. These presidential policies threaten to cripple the U.S. auto industry that had rebounded from the 2008 recession and was roaring to life when Trump took office. So here is an idea from a business leader who sympathizes with the president's desire to ease the nation's trade imbalance: Mr. President, please invest your tariff tax money in the U.S. auto industry.For auto industry, weaker fuel economy rules would mean a world of chaos
according to The Trump administration's proposed rollback of auto fuel economy and emissions standards looks, on the surface, like a welcome gift to the auto industry. "I would like to see a more gradual, less disruptive easing of fuel economy standards," Lindland said. That created the nightmare possibility, for the auto industry, of three conflicting sets of fuel economy requirements. The answer, hammered out through negotiations among NHTSA, the EPA, California and the auto industry, was the auto emissions and fuel economy rules announced in 2012. Consumers have been trained, through years of improving fuel economy, to expect better mileage with each new vehicle they buy.collected by :Catlin Logan