Posted by
Auto Care News
on
January 29, 2020
BETHESDA, Md. – January 29, 2020 - Bill Hanvey,
president and CEO, Auto Care Association, today released the following
statement in response to President Trump signing the United States Mexico
Canada Agreement (USMCA) into law:
“We applaud the Trump administration and Congress for
working together to pass this critical trade agreement. It is noteworthy
that the President will be visiting an auto part manufacturer, Dana Inc., as
his first stop to celebrate the passage of USMCA. Our domestic auto care
industry, which includes auto part manufacturers, distributors, retailers, and
independent repair shops, greatly benefits from a strong trade relationship
with Mexico and Canada. Mexico and Canada are
important trading partners both as sources of imports and destination for
exports in this regional trade pact. Together,
they represent 71% of all auto part exports and 48% of all auto part imports, with $63B in exports and $76B in imports from Mexico and
Canada combined. Having USMCA in place will allow our members to
continue to provide vehicle owners with high quality and affordable repair and
maintenance.”