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Hensarling Statement on Auto Tariffs

Statement

Date: May 24, 2018
Location: Washington, DC
Issues: Transportation Trade

U.S. Representative Jeb Hensarling (TX-5), Chairman of the Financial Services Committee, released the following statement as President Trump considers auto tariffs on vehicle imports:

"The Honda Accord is not a threat to our national security. However, taxing it with trade tariffs is a threat to the economic security of millions of hardworking American families. Trade laws designed to uphold critical national security measures should never be used as an excuse for raw protectionism. All of the great gains President Trump has made with generational tax relief and bureaucratic regulatory reforms -- the reforms that are fueling our economy -- can be wiped out overnight if we end up in a global trade war. I again call upon the President and his administration to exercise extreme caution and focus on the nation states that violate the actual trade rules and force transfers of our technology and intellectual property."


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