How to ensure a better playing field for U.S. automobile and auto parts manufacturers.
Earlier today, U.S. Representative Sander M. Levin (D-MI) gave a speech at The Peterson Institute to address Japan’s entry into the Trans-Pacific Partnership (TPP) trade negotiations. Rep. Levin’s speech included an auto proposal for the TPP that would address auto tariff reductions, currency manipulation, and other non-tariff barriers. Specifically, on the subject of currency manipulation, Rep. Levin called for Japan to start selling its foreign currency reserves as a “gesture of goodwill.”
Said Scott Paul, President of the Alliance for American Manufacturing (AAM):
“Congressman Levin has offered an elegant and enforceable solution to ensuring a better playing field for U.S. automobile and auto parts manufacturers competing with Japan. If the Obama Administration is serious about growing manufacturing jobs and signing a high-standard Trans-Pacific Partnership trade agreement, it will adopt these ideas as its bottom-line negotiating position moving forward.
“As Congressman Levin also points out in his speech, ensuring the competitiveness of U.S. manufacturing goes beyond getting trade policy right. The root cause of Detroit’s bankruptcy was deindustrialization, aided and abetted by U.S. economic policy. If the U.S. adopts a smartmanufacturing policy, we can achieve better outcomes in the future. It’s one essential step in rebuilding America’s middle class.”
Read Paul’s latest op-ed in The Huffington Post, “No More Detroits.”
The Alliance for American Manufacturing (AAM) is a non-profit, non-partisan partnership formed in 2007 by some of America’s leading manufacturers and the United Steelworkers. Our mission is to strengthen American manufacturing and create new private-sector jobs through smart public policies. We believe that an innovative and growing manufacturing base is vital to America’s economic and national security, as well as to providing good jobs for future generations. AAM achieves its mission through research, public education, advocacy, strategic communications, and coalition building around the issues that matter most to America’s manufacturers and workers.
AAM has released its blueprint for an American manufacturing resurgence, ReMaking America.