Trade and Currency Issues

International trade is AIADA's top legislative priority. In recent years, the global economy has taken some big hits, and people's attitudes toward trade have changed. As the United States works its way out of the current economic crisis, some Americans would like the U.S. to disengage from international trade. But the trade they would keep us from participating in could actually speed economic recovery.

Our role in the global economy benefits American consumers by increasing the quality, quantity, and value of their choices. AIADA opposes protectionist policies, and encourage the establishment of all current and future trade agreements. Thanks to the growing global economy, our industry has created new jobs and better opportunities for American workers across the country. AIADA believes the door should be left open to global trade.

Read more on AIADA's position.

Exchange Rates and the International Automobile Market

Our Position Paper

Fast Facts on Trade

  • International automobile manufacturers have more than 70 manufacturing facilities and plants in the U.S., employing 97,700 Americans and pumping some $40 billion into those facilities over the last 30 years. Manufacturers are also expected to put another 38,600 Americans to work in their facilities and plants by 2016.
  • More than 50 percent of international makes sold in the U.S. are also built here.
  • U.S. failure to act on its FTA's with Colombia and South Korea, while other countries choose to move forward with their new agreements, could cause the loss of $40.2 billion in exports and 383,400 American jobs
  • The ITC predicts that within three years of an agreement between the U.S. and South Korea, two-way trade will increase by as much as $20-$30 billion. Last year, two-way trade reached $74 billion.
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