In this GlobalAutoIndustry.com Audio Interview “Trump’s New Tariffs & Effects on the Automotive Industry: Key Insights from a Washington DC-based Trade Lawyer” Ron Hesse speaks with Les Glick. Les is a shareholder in the Washington DC office of the Michigan-based Butzel law firm. He is chair of the Butzel International Trade and Customs Specialty Team. Les is immediate past Co-Chair of the American Bar Association International Law Section, international Trade Committee; and previously co-chaired the Mexico Committee; and has been a frequent speaker at ABA conferences. Les is the author of a number of books on trade and Customs Law, the most recent being “United States Mexico Trade Agreement (USMCA) – Legal and Business implications”, published by Kluwer Law International. Les has assisted clients, many in the automotive industry, with tariff and trade issues involving imports into the United States from around the world, most recently concerning China and the many tariff actions that have been imposed on China by Presidents Trump and Biden.
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In the 25-minute Audio Interview, Mr. Glick discusses these questions:
- Should we be surprised by Trump’s “tariff day” announcement?
- Could you summarize each of the new tariffs and briefly explain them?
- We have heard a lot of comments on tariffs in the media by financial analysts who are not trade lawyers like yourself, who have specialized in this area for 40 years. What is your opinion?
- How long do you expect these tariffs to be in effect?
- What do you see as the political consequences of the tariffs?
- Do you see other countries retaliating with their own tariffs?
- What can be done to minimize the impact of the new tariffs?