Trade deficit hurts auto suppliers.The disparity between automotive parts exports of $48 billion and parts imports of $74 billion drove the U.S. auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the 2004 Automotive Aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. Status Report from the Automotive Aftermarket Suppliers Association (AASA AASA American Association of School Administrators AASA Asian American Student Association AASA Association of Academies of Sciences in Asia AASA Aging and Adult Services Administration AASA Administrative Assistant to the Secretary of the Army ). The report notes that Japan continues to be the most significant contributor to the trade deficit. However, China's imports are up 300%, making the country the fifth-largest source of U.S. automotive parts imports. Counterfeit parts are an additional concern with the automotive parts imports increase and the trade deficit, according to AASA. The fake parts and intellectual property rights violations cost the U.S. automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. nearly $3 billion and cost the global industry $12 billion each year. Canada is said to be the only major U.S. trading partner with an automotive surplus. Mexico and Canada are said to be the largest U.S. trading partners, with many of the exports of parts and components being imported later as finished goods. Status Report has been published by AASA's parent association, the Motor & Equipment Manufacturers Association (MEMA), since 1998. |
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