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Transcript: UAW president Shawn Fain on "Face the Nation with Margaret Brennan," March 30, 2025
Tags: Current Focus, Renewal America, Managing Business, United States, Germany, China, Japan, South Korea, Automobiles, Movement for Renewal of America, 3. Income and Wages Fairness, 5. Bringing Jobs and Factories to the US, 6. Capital Allocation for Infrastructure, Goods and Services, 10. Health- Body/Mind Wellbeing for All ,
Shawn Fain of the United Autoworkers union in the US says NAFTA and the USMCA that replaced it continued to create incentives for outshoring jobs and manufacturing from the US to Mexico and Canada. It also undercut wages of American workers. Speaking on CBS Face the Nation, March 30, 2025, Fain described the situation and his support of 25% tariff on auto imports into the US, which USITC study shows increasing auto prices by 5%, in this way-
"Now that Wall Street's upset about it, it's an issue. Where was Wall Street when- when all these manufacturing facilities have been leaving the country in the last 30 years? You know, interestingly enough, you know, automotive companies in the last three years, 2019- 2019 to 2023, they jacked up the price of vehicles 35% to 40% over that time frame. (compared to 5% with this tariff). Not because of anything that happened, not because wages went up. It was just flat out price gouging to consumer and corporate greed. Where was the outcry then? They don't have to raise the price of vehicles a penny with these tariffs. It's a decision that the companies are making, and that lays straight in the hands of the- of the companies."
"Mexican workers, they're not the enemy. They've been exploited for decades. You know, another promise of NAFTA was that it was going to raise the standard for everybody. The realization of that is the wages in America and the wages in Mexico were cut in half over the- over the last 30 years as a result of NAFTA. So it's driving a race to the bottom, and that's not going to work for anybody."
DJT US 25% auto import tariff April 2, 2025
03/30/2025
The impact of the 25% DJT US auto import tariff comes after NAFTA and USMCA Trade Treaty did little to prevent the outshoring of US jobs and manufacturing to Mexico and Canada. German and South Korean companies made about 80% to 60% of cars sold in the US in Mexico or in their home country. The outshoring was used by American and foreign companies as a way to keep American automobile wages low as American companies could threaten workers asking for higher wages with loss of jobs by outshoring the production. This happened for two decades under the elder Clinton, Bush and Obama administrations. The US International Trade Commission estimates in a 2024 study that this 25% tariff would increase revenues by 5% and prices by 5% in the US for cars. Higher prices over 10% would be borne by affluent buyers of BMW's, Benz and Audis. Because US auto plants have excess capacity and operate at 60% in 2025 they could quickly increase American production without increasing prices as American manufacturers car sales increase. Hyundai plans to invest $21 billion in US plants from 2025. UAW union supports this move by DJT and trade advisers Lighthizer, Jamieson USTR, and Navarro.
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Transcript: UAW president Shawn Fain on "Face the Nation with Margaret Brennan," March 30, 2025
03/30/2025
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United Autoworkers Shawn Fain on the DJT US 25% automobile import tariff of April 2, 2025
03/30/2025
Shawn Fain of the UAW lauds the DJT auto tariff. US International Trade Commission says this will increase profits of auto companies by 5% and prices by 5%. WSJ sees a higher price increase of 10% but this includes higher prices above 10% on German BMW Audi Benz cars that are sold to affluent buyers. Fain says this will return manufacturing plants to the US that were shipped to Mexico, it will also stop undercutting of US wages by companies threatening to ship production to Mexico. This editor has actually seen this happen at a US plant for medical products in the last 2 decades. About the small 5% price increase Fain asks where was Wall Street when prices were raised by 20 percent by auto companies during the last 3 years.
Linked Articles
Transcript: UAW president Shawn Fain on "Face the Nation with Margaret Brennan," March 30, 2025
03/30/2025
The Auto Union Boss Who Went From Trump Foe to Tariff Cheerleader
WSJ 03/29/2025
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