You’ve no doubt noticed that we are in the middle of an intense, important and uncertain series of talks the U.S. hopes will improve the North American Free Trade Agreement (NAFTA). As a 23 year old agreement, updating the accord makes sense. Discarding what works does not.
The truth is the U.S. auto industry is in the midst of one of the most remarkable economic comebacks in history. Right now, thirteen U.S. auto manufacturers, hundreds of parts suppliers, thousands of dealers and uncounted other businesses are thriving. American workers and businesses are winning with NAFTA.
Altogether, more than seven million Americans, including 1.1 million dealership employees and over 870,000 supplier employees, depend on the U.S. auto industry. During the past 20 years, manufacturers, suppliers and dealers have invested hundreds of billions in new and renovated facilities across the country.
The simple fact is the U.S. auto industry and auto workers are winning with NAFTA.
But the auto industry remains increasingly concerned that the U.S. is on a path to withdrawal from NAFTA, which would endanger that comeback and place at risk important jobs in the auto sector in communities across the country. This is why all aspects of the U.S. auto industry have joined together in an unprecedented coalition, Driving American Jobs, to fight for American jobs that are made possible by this trade agreement.
Ending NAFTA would needlessly disrupt the U.S. production of cars and trucks, the supply of parts and components for those vehicles, and the sale of these vehicle, raising prices for consumers. NAFTA has enabled us all to grow and prosper. As we work to bring this agreement into the 21st century, we must take care to retain those parts of the agreement that have been critical to the industry’s growth and success.