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U.S. autoworkers fearful of losing their jobs are less than thrilled that Japan seems to be inching toward entry into the Trans-Pacific Partnership trade talks. A major union representing them wants to make sure U.S. officials heed their concerns that more liberalized trade will result in their Japanese competitors increasing U.S. market share without helping U.S. automakers sell more cars in Japan.
United Auto Workers President Bob King recently called upon the Obama administration to oppose Japan's entry into the TPP, contending that it would costs American jobs.
UAW head honcho told the Detroit News that the United States would have to be delusional to think that Japan would be willing to open up its auto market to American automakers.
Said King, according to the newspaper: "We don't see any way that you can have fair trade with Japan because of all of the non-tariff barriers, Japanese culture, tight integration of the government policies and the companies … We don't see a way to overcome that."
The UAW leader's comments come a week after the Center for Automotive Research came out with a report concluded that if Japan became part of the TPP pact, it would drive up the nation's auto exports to the U.S. by 6.2 percent, throwing 26,000 Americans out of work.
Read all about it: http://bit.ly/RqXQSm.