Moreover, free trade stimulates innovation by fostering the exchange of technological advances and expertise across borders, which has never been more important as automotive technology is rapidly evolving towards electrification. Free trade agreements also ensure a level playing field. They can help resolve disputes and protect intellectual property rights, ensuring that competition remains to benefit all stakeholders.
Trade barriers lead to higher costs for Americans, production and delivery delays, and a less competitive domestic automotive industry. That’s why we advocate for policies that not only improve the health and growth of the auto industry but also bring broader economic gains and technological advancements to the U.S. market.
Learn more about our trade data here.