By SEMA Washington, D.C., Staff

The U.S. gross domestic product will be reduced by nearly $3 billion and 134,000 American jobs will be lost if the United States imposes 25% tariffs on $50 billion worth of Chinese imports, according to a study released by the National Retail Federation and the Consumer Technology Association. For each job gained, four will be lost according to the report.

In March, the U.S. Trade Representative (USTR) issued a finding that the Chinese government is engaged in unfair actions, policies and practices covering intellectual property rights and technology transfer that negatively impacts U.S. companies and American economic interests. The USTR report contends that these practices have resulted in a diversion of U.S. jobs to China and an increase in the trade deficit.

President Trump directed the USTR to develop a list of imported Chinese products subject to 25% tariffs if U.S./Chinese negotiators are unable to resolve the dispute. The USTR has published a list of 1,300 products that could be subject to tariffs as soon as June. China has threatened retaliatory tariffs.

SEMA has urged the president and lawmakers to use trade laws strategically so that unfair trade practices are addressed without harming U.S. businesses. SEMA has joined forces with other U.S. manufacturers and business organizations to support actions using legal mechanisms that won’t impose unnecessary harm on companies and consumers. 

For more information and copies of the referenced studies, contact Stuart Gosswein at stuartg@sema.org.

By SEMA Washington, D.C., Staff

The U.S. gross domestic product will be reduced by nearly $3 billion and 134,000 American jobs will be lost if the United States imposes 25% tariffs on $50 billion worth of Chinese imports, according to a study released by the National Retail Federation and the Consumer Technology Association. For each job gained, four will be lost according to the report.

In March, the U.S. Trade Representative (USTR) issued a finding that the Chinese government is engaged in unfair actions, policies and practices covering intellectual property rights and technology transfer that negatively impacts U.S. companies and American economic interests. The USTR report contends that these practices have resulted in a diversion of U.S. jobs to China and an increase in the trade deficit.

President Trump directed the USTR to develop a list of imported Chinese products subject to 25% tariffs if U.S./Chinese negotiators are unable to resolve the dispute. The USTR has published a list of 1,300 products that could be subject to tariffs as soon as June. China has threatened retaliatory tariffs.

SEMA has urged the president and lawmakers to use trade laws strategically so that unfair trade practices are addressed without harming U.S. businesses. SEMA has joined forces with other U.S. manufacturers and business organizations to support actions using legal mechanisms that won’t impose unnecessary harm on companies and consumers. 

For more information and copies of the referenced studies, contact Stuart Gosswein at stuartg@sema.org.

By SEMA Washington, D.C., Staff

Collector Car Appreciation Day (CCAD) will be celebrated this year on July 13. At the request of SEMA, this holiday has been marked each year since 2010 by a U.S. Senate Resolution recognizing that the “collection and restoration of historic and classic cars is an important part of preserving the technological achievements and cultural heritage of the United States.”  

As in years past, a wide range of automotive events will be held to commemorate the occasion. As this annual event continues to grow worldwide, states, provinces, counties and cities are following suit with their own recognition. SEMA encourages participation throughout the month of July to honor the classics of the past and the future.

Check out the SEMA Action Network’s (SAN) video PSA for tips on setting up your tribute:

Please share it with your friends using the following link: https://youtu.be/AG3AHQ1IwA0.

Celebrate the hobby your way!

• Attend an official vehicle-inspired event.
• Host your own gathering or club meeting.
• Promote a holiday sale at your business.
• Drive your special ride, new or old, whatever the destination.

Plan and submit your July event at no cost. Locate a listing near you and more on the SEMA Action Network’s website.

Participating organizers will be awarded a copy of the congressional resolution for display at each registered event.

By SEMA Washington, D.C., Staff

Collector Car Appreciation Day (CCAD) will be celebrated this year on July 13. At the request of SEMA, this holiday has been marked each year since 2010 by a U.S. Senate Resolution recognizing that the “collection and restoration of historic and classic cars is an important part of preserving the technological achievements and cultural heritage of the United States.”  

As in years past, a wide range of automotive events will be held to commemorate the occasion. As this annual event continues to grow worldwide, states, provinces, counties and cities are following suit with their own recognition. SEMA encourages participation throughout the month of July to honor the classics of the past and the future.

Check out the SEMA Action Network’s (SAN) video PSA for tips on setting up your tribute:

Please share it with your friends using the following link: https://youtu.be/AG3AHQ1IwA0.

Celebrate the hobby your way!

• Attend an official vehicle-inspired event.
• Host your own gathering or club meeting.
• Promote a holiday sale at your business.
• Drive your special ride, new or old, whatever the destination.

Plan and submit your July event at no cost. Locate a listing near you and more on the SEMA Action Network’s website.

Participating organizers will be awarded a copy of the congressional resolution for display at each registered event.

By SEMA Washington, D.C., Staff

Collector Car Appreciation Day (CCAD) will be celebrated this year on July 13. At the request of SEMA, this holiday has been marked each year since 2010 by a U.S. Senate Resolution recognizing that the “collection and restoration of historic and classic cars is an important part of preserving the technological achievements and cultural heritage of the United States.”  

As in years past, a wide range of automotive events will be held to commemorate the occasion. As this annual event continues to grow worldwide, states, provinces, counties and cities are following suit with their own recognition. SEMA encourages participation throughout the month of July to honor the classics of the past and the future.

Check out the SEMA Action Network’s (SAN) video PSA for tips on setting up your tribute:

Please share it with your friends using the following link: https://youtu.be/AG3AHQ1IwA0.

Celebrate the hobby your way!

• Attend an official vehicle-inspired event.
• Host your own gathering or club meeting.
• Promote a holiday sale at your business.
• Drive your special ride, new or old, whatever the destination.

Plan and submit your July event at no cost. Locate a listing near you and more on the SEMA Action Network’s website.

Participating organizers will be awarded a copy of the congressional resolution for display at each registered event.

By SEMA Washington, D.C., Staff

Collector Car Appreciation Day (CCAD) will be celebrated this year on July 13. At the request of SEMA, this holiday has been marked each year since 2010 by a U.S. Senate Resolution recognizing that the “collection and restoration of historic and classic cars is an important part of preserving the technological achievements and cultural heritage of the United States.”  

As in years past, a wide range of automotive events will be held to commemorate the occasion. As this annual event continues to grow worldwide, states, provinces, counties and cities are following suit with their own recognition. SEMA encourages participation throughout the month of July to honor the classics of the past and the future.

Check out the SEMA Action Network’s (SAN) video PSA for tips on setting up your tribute:

Please share it with your friends using the following link: https://youtu.be/AG3AHQ1IwA0.

Celebrate the hobby your way!

• Attend an official vehicle-inspired event.
• Host your own gathering or club meeting.
• Promote a holiday sale at your business.
• Drive your special ride, new or old, whatever the destination.

Plan and submit your July event at no cost. Locate a listing near you and more on the SEMA Action Network’s website.

Participating organizers will be awarded a copy of the congressional resolution for display at each registered event.

By SEMA Washington, D.C., Staff

Collector Car Appreciation Day (CCAD) will be celebrated this year on July 13. At the request of SEMA, this holiday has been marked each year since 2010 by a U.S. Senate Resolution recognizing that the “collection and restoration of historic and classic cars is an important part of preserving the technological achievements and cultural heritage of the United States.”  

As in years past, a wide range of automotive events will be held to commemorate the occasion. As this annual event continues to grow worldwide, states, provinces, counties and cities are following suit with their own recognition. SEMA encourages participation throughout the month of July to honor the classics of the past and the future.

Check out the SEMA Action Network’s (SAN) video PSA for tips on setting up your tribute:

Please share it with your friends using the following link: https://youtu.be/AG3AHQ1IwA0.

Celebrate the hobby your way!

• Attend an official vehicle-inspired event.
• Host your own gathering or club meeting.
• Promote a holiday sale at your business.
• Drive your special ride, new or old, whatever the destination.

Plan and submit your July event at no cost. Locate a listing near you and more on the SEMA Action Network’s website.

Participating organizers will be awarded a copy of the congressional resolution for display at each registered event.

By SEMA Washington, D.C., Staff

More than 110 representatives from SEMA-member companies will descend on the nation’s capital to participate in SEMA’s 2018 Washington Rally, Wednesday, May 16.

During the event, SEMA members will urge Congress to pass H.R. 350/S.203, the Recognizing the Protection of Motorsports (RPM) Act. The bipartisan bill would protect Americans’ right to modify street vehicles into dedicated racecars and the industry’s right to sell the parts that enable racers to compete. More than 180 members of Congress have cosponsored the RPM Act, and the number continues to grow.

Members will also raise awareness of other issues facing the specialty-equipment industry, including harmful tariffs, preventing higher ethanol content in gasoline and saving the Bonneville Salt Flats.

“One-on-one meetings with legislators are among the best ways to impact lawmakers who are making decisions that affect SEMA-member businesses,” said Chris Kersting, SEMA president and CEO. “The SEMA Washington Rally helps lawmakers hear directly from constituents and informs them about the issues that are most important to our industry.”

To contact your lawmakers in support of the RPM Act, please visit www.sema.org/epa.

By SEMA Washington, D.C., Staff

More than 110 representatives from SEMA-member companies will descend on the nation’s capital to participate in SEMA’s 2018 Washington Rally, Wednesday, May 16.

During the event, SEMA members will urge Congress to pass H.R. 350/S.203, the Recognizing the Protection of Motorsports (RPM) Act. The bipartisan bill would protect Americans’ right to modify street vehicles into dedicated racecars and the industry’s right to sell the parts that enable racers to compete. More than 180 members of Congress have cosponsored the RPM Act, and the number continues to grow.

Members will also raise awareness of other issues facing the specialty-equipment industry, including harmful tariffs, preventing higher ethanol content in gasoline and saving the Bonneville Salt Flats.

“One-on-one meetings with legislators are among the best ways to impact lawmakers who are making decisions that affect SEMA-member businesses,” said Chris Kersting, SEMA president and CEO. “The SEMA Washington Rally helps lawmakers hear directly from constituents and informs them about the issues that are most important to our industry.”

To contact your lawmakers in support of the RPM Act, please visit www.sema.org/epa.

By SEMA Washington, D.C., Staff

More than 110 representatives from SEMA-member companies will descend on the nation’s capital to participate in SEMA’s 2018 Washington Rally, Wednesday, May 16.

During the event, SEMA members will urge Congress to pass H.R. 350/S.203, the Recognizing the Protection of Motorsports (RPM) Act. The bipartisan bill would protect Americans’ right to modify street vehicles into dedicated racecars and the industry’s right to sell the parts that enable racers to compete. More than 180 members of Congress have cosponsored the RPM Act, and the number continues to grow.

Members will also raise awareness of other issues facing the specialty-equipment industry, including harmful tariffs, preventing higher ethanol content in gasoline and saving the Bonneville Salt Flats.

“One-on-one meetings with legislators are among the best ways to impact lawmakers who are making decisions that affect SEMA-member businesses,” said Chris Kersting, SEMA president and CEO. “The SEMA Washington Rally helps lawmakers hear directly from constituents and informs them about the issues that are most important to our industry.”

To contact your lawmakers in support of the RPM Act, please visit www.sema.org/epa.