Auto Care Association Releases Statement on Temporary Trade Deal between United States, China

BETHESDA, Md. – December 3, 2018 – The following statement can be attributed to Bill Hanvey, President and CEO of the Auto Care Association:

"We are pleased that President Trump and President Xi were able to reach a temporary trade deal during the G20 summit in Buenos Aires to not raise tariffs on $200 billion worth of imports from China. Tariffs inhibit the growth of our industry and make it more expensive for consumers to maintain and repair their vehicles.

Further, we are encouraged by the Trump administration’s commitment to engaging with the Chinese government in order to reach an agreement with respect to forced technology transfer and intellectual property protection. We are hopeful that the upcoming negotiations will resolve many of our long standing concerns in these areas.”

For more information about the Auto Care Association’s trade initiatives, please visit the association's trade resources webpage or contact Angela Chiang at angela.chiang@autocare.org.