Statement by John Bozzella, President and CEO, Global Automakers on behalf of Here for America

“The President’s decision to impose significant tariffs on steel and aluminum imports from the European Union and our NAFTA trading partners is disappointing and counterproductive. A tariff is a tax and this action will raise prices and hurt American auto producers and their customers. Any retaliation by our trading partners will multiply this harm and do nothing to encourage U.S. exports.”