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\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nAutomotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nAuto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nIt is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nstates the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nSix of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nIt is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nSamsung's expenditures are over twice those of its<\/a> principal foundry competitor, TSMC, which incurred $3.01 million. That gap is simply due to the reality that TSMC is solely in the relations of producing chips and doesn't have a consumer product selling business. Samsung is a large multinational corporation with numerous business divisions that sell goods straight to U.S. consumers like home devices, mobile phones, TVs, laptops, and more.<\/p>\n\n\n\n
It is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nIf that sounds excessive, a bit of viewpoint will clarify. Apple invested $7.82 million in its lobbying activities in 2024. Compared to the combined total expenditures by all Samsung <\/a>businesses, it was still less than what Apple invested in defending and advancing its agenda.<\/p>\n\n\n\n
Samsung's expenditures are over twice those of its<\/a> principal foundry competitor, TSMC, which incurred $3.01 million. That gap is simply due to the reality that TSMC is solely in the relations of producing chips and doesn't have a consumer product selling business. Samsung is a large multinational corporation with numerous business divisions that sell goods straight to U.S. consumers like home devices, mobile phones, TVs, laptops, and more.<\/p>\n\n\n\n
It is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nSamsung Electronics America collectively shelled out $5.45 million in 2024 in lobbying expenditures. Other Samsung companies also used lobbyists, including Samsung Semiconductor at a cost of $860,000 and Samsung SDI America for $610,000. Collectively, the Samsung group had a total expenditure on lobbying to the tune of $6.98 million.<\/p>\n\n\n\n
If that sounds excessive, a bit of viewpoint will clarify. Apple invested $7.82 million in its lobbying activities in 2024. Compared to the combined total expenditures by all Samsung <\/a>businesses, it was still less than what Apple invested in defending and advancing its agenda.<\/p>\n\n\n\n
Samsung's expenditures are over twice those of its<\/a> principal foundry competitor, TSMC, which incurred $3.01 million. That gap is simply due to the reality that TSMC is solely in the relations of producing chips and doesn't have a consumer product selling business. Samsung is a large multinational corporation with numerous business divisions that sell goods straight to U.S. consumers like home devices, mobile phones, TVs, laptops, and more.<\/p>\n\n\n\n
It is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nSamsung continues to invest less than Apple in lobbying the US government<\/h2>\n\n\n\n
Samsung Electronics America collectively shelled out $5.45 million in 2024 in lobbying expenditures. Other Samsung companies also used lobbyists, including Samsung Semiconductor at a cost of $860,000 and Samsung SDI America for $610,000. Collectively, the Samsung group had a total expenditure on lobbying to the tune of $6.98 million.<\/p>\n\n\n\n
If that sounds excessive, a bit of viewpoint will clarify. Apple invested $7.82 million in its lobbying activities in 2024. Compared to the combined total expenditures by all Samsung <\/a>businesses, it was still less than what Apple invested in defending and advancing its agenda.<\/p>\n\n\n\n
Samsung's expenditures are over twice those of its<\/a> principal foundry competitor, TSMC, which incurred $3.01 million. That gap is simply due to the reality that TSMC is solely in the relations of producing chips and doesn't have a consumer product selling business. Samsung is a large multinational corporation with numerous business divisions that sell goods straight to U.S. consumers like home devices, mobile phones, TVs, laptops, and more.<\/p>\n\n\n\n
It is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nIt's not surprising, therefore, that Samsung is among other large tech firms to engage in lobbying. Statistics from OpenSecrets, a research organization that monitors money coming into US politics, show that Samsung spent $5.45 million lobbying the US government alone last year.<\/p>\n\n\n\n
Samsung continues to invest less than Apple in lobbying the US government<\/h2>\n\n\n\n
Samsung Electronics America collectively shelled out $5.45 million in 2024 in lobbying expenditures. Other Samsung companies also used lobbyists, including Samsung Semiconductor at a cost of $860,000 and Samsung SDI America for $610,000. Collectively, the Samsung group had a total expenditure on lobbying to the tune of $6.98 million.<\/p>\n\n\n\n
If that sounds excessive, a bit of viewpoint will clarify. Apple invested $7.82 million in its lobbying activities in 2024. Compared to the combined total expenditures by all Samsung <\/a>businesses, it was still less than what Apple invested in defending and advancing its agenda.<\/p>\n\n\n\n
Samsung's expenditures are over twice those of its<\/a> principal foundry competitor, TSMC, which incurred $3.01 million. That gap is simply due to the reality that TSMC is solely in the relations of producing chips and doesn't have a consumer product selling business. Samsung is a large multinational corporation with numerous business divisions that sell goods straight to U.S. consumers like home devices, mobile phones, TVs, laptops, and more.<\/p>\n\n\n\n
It is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nGovernment lobbying by nations and corporations is a routine affair in the USA. The clique of lobbyists <\/a>is well awarded for making sure that the objectives of their clients are safeguarded before the global economic giant.<\/p>\n\n\n\n
It's not surprising, therefore, that Samsung is among other large tech firms to engage in lobbying. Statistics from OpenSecrets, a research organization that monitors money coming into US politics, show that Samsung spent $5.45 million lobbying the US government alone last year.<\/p>\n\n\n\n
Samsung continues to invest less than Apple in lobbying the US government<\/h2>\n\n\n\n
Samsung Electronics America collectively shelled out $5.45 million in 2024 in lobbying expenditures. Other Samsung companies also used lobbyists, including Samsung Semiconductor at a cost of $860,000 and Samsung SDI America for $610,000. Collectively, the Samsung group had a total expenditure on lobbying to the tune of $6.98 million.<\/p>\n\n\n\n
If that sounds excessive, a bit of viewpoint will clarify. Apple invested $7.82 million in its lobbying activities in 2024. Compared to the combined total expenditures by all Samsung <\/a>businesses, it was still less than what Apple invested in defending and advancing its agenda.<\/p>\n\n\n\n
Samsung's expenditures are over twice those of its<\/a> principal foundry competitor, TSMC, which incurred $3.01 million. That gap is simply due to the reality that TSMC is solely in the relations of producing chips and doesn't have a consumer product selling business. Samsung is a large multinational corporation with numerous business divisions that sell goods straight to U.S. consumers like home devices, mobile phones, TVs, laptops, and more.<\/p>\n\n\n\n
It is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nIn January 2025, it was revealed that South Korean conglomerates had raised their lobbying expenditures in the US during the previous year, with Samsung at the forefront, spending almost $7 million. These increasing lobbying efforts in the world\u2019s largest economy seem to be a reaction to shifts in US approaches, including the CHIPS and Science Act and the Inflation Reduction Act, while also gearing up for the forthcoming Trump government.<\/p>\n\n\n\n
Government lobbying by nations and corporations is a routine affair in the USA. The clique of lobbyists <\/a>is well awarded for making sure that the objectives of their clients are safeguarded before the global economic giant.<\/p>\n\n\n\n
It's not surprising, therefore, that Samsung is among other large tech firms to engage in lobbying. Statistics from OpenSecrets, a research organization that monitors money coming into US politics, show that Samsung spent $5.45 million lobbying the US government alone last year.<\/p>\n\n\n\n
Samsung continues to invest less than Apple in lobbying the US government<\/h2>\n\n\n\n
Samsung Electronics America collectively shelled out $5.45 million in 2024 in lobbying expenditures. Other Samsung companies also used lobbyists, including Samsung Semiconductor at a cost of $860,000 and Samsung SDI America for $610,000. Collectively, the Samsung group had a total expenditure on lobbying to the tune of $6.98 million.<\/p>\n\n\n\n
If that sounds excessive, a bit of viewpoint will clarify. Apple invested $7.82 million in its lobbying activities in 2024. Compared to the combined total expenditures by all Samsung <\/a>businesses, it was still less than what Apple invested in defending and advancing its agenda.<\/p>\n\n\n\n
Samsung's expenditures are over twice those of its<\/a> principal foundry competitor, TSMC, which incurred $3.01 million. That gap is simply due to the reality that TSMC is solely in the relations of producing chips and doesn't have a consumer product selling business. Samsung is a large multinational corporation with numerous business divisions that sell goods straight to U.S. consumers like home devices, mobile phones, TVs, laptops, and more.<\/p>\n\n\n\n
It is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe BVB Index's volatility in 2024, down 12% from its 2023 high, suggests investor jitters. Political uncertainty, coupled with EU criticism of Romania's judicial reforms, may further test investor trust. Transparency International's Corruption Perceptions Index, which placed Romania 65th in the world in 2023 (out of 180 nations), already presents a warning sign.<\/p>\n","post_title":"\u20ac1.5M US lobbying controversy embroils far-right Romanian leader George Simion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"e1-5m-us-lobbying-controversy-embroils-far-right-romanian-leader-george-simion","to_ping":"","pinged":"","post_modified":"2025-04-26 18:50:37","post_modified_gmt":"2025-04-26 18:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7610","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7609,"post_author":"7","post_date":"2025-04-25 18:31:14","post_date_gmt":"2025-04-25 18:31:14","post_content":"\n
In January 2025, it was revealed that South Korean conglomerates had raised their lobbying expenditures in the US during the previous year, with Samsung at the forefront, spending almost $7 million. These increasing lobbying efforts in the world\u2019s largest economy seem to be a reaction to shifts in US approaches, including the CHIPS and Science Act and the Inflation Reduction Act, while also gearing up for the forthcoming Trump government.<\/p>\n\n\n\n
Government lobbying by nations and corporations is a routine affair in the USA. The clique of lobbyists <\/a>is well awarded for making sure that the objectives of their clients are safeguarded before the global economic giant.<\/p>\n\n\n\n
It's not surprising, therefore, that Samsung is among other large tech firms to engage in lobbying. Statistics from OpenSecrets, a research organization that monitors money coming into US politics, show that Samsung spent $5.45 million lobbying the US government alone last year.<\/p>\n\n\n\n
Samsung continues to invest less than Apple in lobbying the US government<\/h2>\n\n\n\n
Samsung Electronics America collectively shelled out $5.45 million in 2024 in lobbying expenditures. Other Samsung companies also used lobbyists, including Samsung Semiconductor at a cost of $860,000 and Samsung SDI America for $610,000. Collectively, the Samsung group had a total expenditure on lobbying to the tune of $6.98 million.<\/p>\n\n\n\n
If that sounds excessive, a bit of viewpoint will clarify. Apple invested $7.82 million in its lobbying activities in 2024. Compared to the combined total expenditures by all Samsung <\/a>businesses, it was still less than what Apple invested in defending and advancing its agenda.<\/p>\n\n\n\n
Samsung's expenditures are over twice those of its<\/a> principal foundry competitor, TSMC, which incurred $3.01 million. That gap is simply due to the reality that TSMC is solely in the relations of producing chips and doesn't have a consumer product selling business. Samsung is a large multinational corporation with numerous business divisions that sell goods straight to U.S. consumers like home devices, mobile phones, TVs, laptops, and more.<\/p>\n\n\n\n
It is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nRomania's economy, which expanded by 4.6% in 2023, is now experiencing challenges. The increase of AUR has already initiated discussions surrounding fiscal approach, with Simion calling for anti-globalist policies such as raising the tax burden on foreign firms. In the meantime, the scandal has rekindled debate surrounding the accountability of public expenditures, which is a key consideration for investors betting on sound regulatory environments.<\/p>\n\n\n\n
The BVB Index's volatility in 2024, down 12% from its 2023 high, suggests investor jitters. Political uncertainty, coupled with EU criticism of Romania's judicial reforms, may further test investor trust. Transparency International's Corruption Perceptions Index, which placed Romania 65th in the world in 2023 (out of 180 nations), already presents a warning sign.<\/p>\n","post_title":"\u20ac1.5M US lobbying controversy embroils far-right Romanian leader George Simion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"e1-5m-us-lobbying-controversy-embroils-far-right-romanian-leader-george-simion","to_ping":"","pinged":"","post_modified":"2025-04-26 18:50:37","post_modified_gmt":"2025-04-26 18:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7610","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7609,"post_author":"7","post_date":"2025-04-25 18:31:14","post_date_gmt":"2025-04-25 18:31:14","post_content":"\n
In January 2025, it was revealed that South Korean conglomerates had raised their lobbying expenditures in the US during the previous year, with Samsung at the forefront, spending almost $7 million. These increasing lobbying efforts in the world\u2019s largest economy seem to be a reaction to shifts in US approaches, including the CHIPS and Science Act and the Inflation Reduction Act, while also gearing up for the forthcoming Trump government.<\/p>\n\n\n\n
Government lobbying by nations and corporations is a routine affair in the USA. The clique of lobbyists <\/a>is well awarded for making sure that the objectives of their clients are safeguarded before the global economic giant.<\/p>\n\n\n\n
It's not surprising, therefore, that Samsung is among other large tech firms to engage in lobbying. Statistics from OpenSecrets, a research organization that monitors money coming into US politics, show that Samsung spent $5.45 million lobbying the US government alone last year.<\/p>\n\n\n\n
Samsung continues to invest less than Apple in lobbying the US government<\/h2>\n\n\n\n
Samsung Electronics America collectively shelled out $5.45 million in 2024 in lobbying expenditures. Other Samsung companies also used lobbyists, including Samsung Semiconductor at a cost of $860,000 and Samsung SDI America for $610,000. Collectively, the Samsung group had a total expenditure on lobbying to the tune of $6.98 million.<\/p>\n\n\n\n
If that sounds excessive, a bit of viewpoint will clarify. Apple invested $7.82 million in its lobbying activities in 2024. Compared to the combined total expenditures by all Samsung <\/a>businesses, it was still less than what Apple invested in defending and advancing its agenda.<\/p>\n\n\n\n
Samsung's expenditures are over twice those of its<\/a> principal foundry competitor, TSMC, which incurred $3.01 million. That gap is simply due to the reality that TSMC is solely in the relations of producing chips and doesn't have a consumer product selling business. Samsung is a large multinational corporation with numerous business divisions that sell goods straight to U.S. consumers like home devices, mobile phones, TVs, laptops, and more.<\/p>\n\n\n\n
It is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nPolitical risk in relation to the Romanian economy<\/h2>\n\n\n\n
Romania's economy, which expanded by 4.6% in 2023, is now experiencing challenges. The increase of AUR has already initiated discussions surrounding fiscal approach, with Simion calling for anti-globalist policies such as raising the tax burden on foreign firms. In the meantime, the scandal has rekindled debate surrounding the accountability of public expenditures, which is a key consideration for investors betting on sound regulatory environments.<\/p>\n\n\n\n
The BVB Index's volatility in 2024, down 12% from its 2023 high, suggests investor jitters. Political uncertainty, coupled with EU criticism of Romania's judicial reforms, may further test investor trust. Transparency International's Corruption Perceptions Index, which placed Romania 65th in the world in 2023 (out of 180 nations), already presents a warning sign.<\/p>\n","post_title":"\u20ac1.5M US lobbying controversy embroils far-right Romanian leader George Simion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"e1-5m-us-lobbying-controversy-embroils-far-right-romanian-leader-george-simion","to_ping":"","pinged":"","post_modified":"2025-04-26 18:50:37","post_modified_gmt":"2025-04-26 18:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7610","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7609,"post_author":"7","post_date":"2025-04-25 18:31:14","post_date_gmt":"2025-04-25 18:31:14","post_content":"\n
In January 2025, it was revealed that South Korean conglomerates had raised their lobbying expenditures in the US during the previous year, with Samsung at the forefront, spending almost $7 million. These increasing lobbying efforts in the world\u2019s largest economy seem to be a reaction to shifts in US approaches, including the CHIPS and Science Act and the Inflation Reduction Act, while also gearing up for the forthcoming Trump government.<\/p>\n\n\n\n
Government lobbying by nations and corporations is a routine affair in the USA. The clique of lobbyists <\/a>is well awarded for making sure that the objectives of their clients are safeguarded before the global economic giant.<\/p>\n\n\n\n
It's not surprising, therefore, that Samsung is among other large tech firms to engage in lobbying. Statistics from OpenSecrets, a research organization that monitors money coming into US politics, show that Samsung spent $5.45 million lobbying the US government alone last year.<\/p>\n\n\n\n
Samsung continues to invest less than Apple in lobbying the US government<\/h2>\n\n\n\n
Samsung Electronics America collectively shelled out $5.45 million in 2024 in lobbying expenditures. Other Samsung companies also used lobbyists, including Samsung Semiconductor at a cost of $860,000 and Samsung SDI America for $610,000. Collectively, the Samsung group had a total expenditure on lobbying to the tune of $6.98 million.<\/p>\n\n\n\n
If that sounds excessive, a bit of viewpoint will clarify. Apple invested $7.82 million in its lobbying activities in 2024. Compared to the combined total expenditures by all Samsung <\/a>businesses, it was still less than what Apple invested in defending and advancing its agenda.<\/p>\n\n\n\n
Samsung's expenditures are over twice those of its<\/a> principal foundry competitor, TSMC, which incurred $3.01 million. That gap is simply due to the reality that TSMC is solely in the relations of producing chips and doesn't have a consumer product selling business. Samsung is a large multinational corporation with numerous business divisions that sell goods straight to U.S. consumers like home devices, mobile phones, TVs, laptops, and more.<\/p>\n\n\n\n
It is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nSimion's adamant support of the Tate brothers, who are on trial for rape and human trafficking, intensified heightened uncertainties. AUR's connections to Mateea Petrescu, the Tates' director of communications, and political analyst Anatol Lieven's attendance at a high-profile gathering with Simion highlight the intersection between domestic politics and global far-right webs. For businesspeople, this is a red flag: how will Romania's judiciary and political system navigate populist forces and the rule of law? The Tate case alone has attracted worldwide engagement, with NGOs caution about systemic corruption within the criminal justice system, a problem that can discourage foreign direct investment (FDI).<\/p>\n\n\n\n
Political risk in relation to the Romanian economy<\/h2>\n\n\n\n
Romania's economy, which expanded by 4.6% in 2023, is now experiencing challenges. The increase of AUR has already initiated discussions surrounding fiscal approach, with Simion calling for anti-globalist policies such as raising the tax burden on foreign firms. In the meantime, the scandal has rekindled debate surrounding the accountability of public expenditures, which is a key consideration for investors betting on sound regulatory environments.<\/p>\n\n\n\n
The BVB Index's volatility in 2024, down 12% from its 2023 high, suggests investor jitters. Political uncertainty, coupled with EU criticism of Romania's judicial reforms, may further test investor trust. Transparency International's Corruption Perceptions Index, which placed Romania 65th in the world in 2023 (out of 180 nations), already presents a warning sign.<\/p>\n","post_title":"\u20ac1.5M US lobbying controversy embroils far-right Romanian leader George Simion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"e1-5m-us-lobbying-controversy-embroils-far-right-romanian-leader-george-simion","to_ping":"","pinged":"","post_modified":"2025-04-26 18:50:37","post_modified_gmt":"2025-04-26 18:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7610","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7609,"post_author":"7","post_date":"2025-04-25 18:31:14","post_date_gmt":"2025-04-25 18:31:14","post_content":"\n
In January 2025, it was revealed that South Korean conglomerates had raised their lobbying expenditures in the US during the previous year, with Samsung at the forefront, spending almost $7 million. These increasing lobbying efforts in the world\u2019s largest economy seem to be a reaction to shifts in US approaches, including the CHIPS and Science Act and the Inflation Reduction Act, while also gearing up for the forthcoming Trump government.<\/p>\n\n\n\n
Government lobbying by nations and corporations is a routine affair in the USA. The clique of lobbyists <\/a>is well awarded for making sure that the objectives of their clients are safeguarded before the global economic giant.<\/p>\n\n\n\n
It's not surprising, therefore, that Samsung is among other large tech firms to engage in lobbying. Statistics from OpenSecrets, a research organization that monitors money coming into US politics, show that Samsung spent $5.45 million lobbying the US government alone last year.<\/p>\n\n\n\n
Samsung continues to invest less than Apple in lobbying the US government<\/h2>\n\n\n\n
Samsung Electronics America collectively shelled out $5.45 million in 2024 in lobbying expenditures. Other Samsung companies also used lobbyists, including Samsung Semiconductor at a cost of $860,000 and Samsung SDI America for $610,000. Collectively, the Samsung group had a total expenditure on lobbying to the tune of $6.98 million.<\/p>\n\n\n\n
If that sounds excessive, a bit of viewpoint will clarify. Apple invested $7.82 million in its lobbying activities in 2024. Compared to the combined total expenditures by all Samsung <\/a>businesses, it was still less than what Apple invested in defending and advancing its agenda.<\/p>\n\n\n\n
Samsung's expenditures are over twice those of its<\/a> principal foundry competitor, TSMC, which incurred $3.01 million. That gap is simply due to the reality that TSMC is solely in the relations of producing chips and doesn't have a consumer product selling business. Samsung is a large multinational corporation with numerous business divisions that sell goods straight to U.S. consumers like home devices, mobile phones, TVs, laptops, and more.<\/p>\n\n\n\n
It is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe Andrew Tate link: A measure for governance<\/h2>\n\n\n\n
Simion's adamant support of the Tate brothers, who are on trial for rape and human trafficking, intensified heightened uncertainties. AUR's connections to Mateea Petrescu, the Tates' director of communications, and political analyst Anatol Lieven's attendance at a high-profile gathering with Simion highlight the intersection between domestic politics and global far-right webs. For businesspeople, this is a red flag: how will Romania's judiciary and political system navigate populist forces and the rule of law? The Tate case alone has attracted worldwide engagement, with NGOs caution about systemic corruption within the criminal justice system, a problem that can discourage foreign direct investment (FDI).<\/p>\n\n\n\n
Political risk in relation to the Romanian economy<\/h2>\n\n\n\n
Romania's economy, which expanded by 4.6% in 2023, is now experiencing challenges. The increase of AUR has already initiated discussions surrounding fiscal approach, with Simion calling for anti-globalist policies such as raising the tax burden on foreign firms. In the meantime, the scandal has rekindled debate surrounding the accountability of public expenditures, which is a key consideration for investors betting on sound regulatory environments.<\/p>\n\n\n\n
The BVB Index's volatility in 2024, down 12% from its 2023 high, suggests investor jitters. Political uncertainty, coupled with EU criticism of Romania's judicial reforms, may further test investor trust. Transparency International's Corruption Perceptions Index, which placed Romania 65th in the world in 2023 (out of 180 nations), already presents a warning sign.<\/p>\n","post_title":"\u20ac1.5M US lobbying controversy embroils far-right Romanian leader George Simion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"e1-5m-us-lobbying-controversy-embroils-far-right-romanian-leader-george-simion","to_ping":"","pinged":"","post_modified":"2025-04-26 18:50:37","post_modified_gmt":"2025-04-26 18:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7610","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7609,"post_author":"7","post_date":"2025-04-25 18:31:14","post_date_gmt":"2025-04-25 18:31:14","post_content":"\n
In January 2025, it was revealed that South Korean conglomerates had raised their lobbying expenditures in the US during the previous year, with Samsung at the forefront, spending almost $7 million. These increasing lobbying efforts in the world\u2019s largest economy seem to be a reaction to shifts in US approaches, including the CHIPS and Science Act and the Inflation Reduction Act, while also gearing up for the forthcoming Trump government.<\/p>\n\n\n\n
Government lobbying by nations and corporations is a routine affair in the USA. The clique of lobbyists <\/a>is well awarded for making sure that the objectives of their clients are safeguarded before the global economic giant.<\/p>\n\n\n\n
It's not surprising, therefore, that Samsung is among other large tech firms to engage in lobbying. Statistics from OpenSecrets, a research organization that monitors money coming into US politics, show that Samsung spent $5.45 million lobbying the US government alone last year.<\/p>\n\n\n\n
Samsung continues to invest less than Apple in lobbying the US government<\/h2>\n\n\n\n
Samsung Electronics America collectively shelled out $5.45 million in 2024 in lobbying expenditures. Other Samsung companies also used lobbyists, including Samsung Semiconductor at a cost of $860,000 and Samsung SDI America for $610,000. Collectively, the Samsung group had a total expenditure on lobbying to the tune of $6.98 million.<\/p>\n\n\n\n
If that sounds excessive, a bit of viewpoint will clarify. Apple invested $7.82 million in its lobbying activities in 2024. Compared to the combined total expenditures by all Samsung <\/a>businesses, it was still less than what Apple invested in defending and advancing its agenda.<\/p>\n\n\n\n
Samsung's expenditures are over twice those of its<\/a> principal foundry competitor, TSMC, which incurred $3.01 million. That gap is simply due to the reality that TSMC is solely in the relations of producing chips and doesn't have a consumer product selling business. Samsung is a large multinational corporation with numerous business divisions that sell goods straight to U.S. consumers like home devices, mobile phones, TVs, laptops, and more.<\/p>\n\n\n\n
It is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe alleged deal with BGD Legal, entered into mere days before Simion's April 2025 U.S. visit, purportedly was meant to garner the endorsement of US far-right pundits such as Steve Bannon and activist Jack Posobiek. The company\u2019s connection to George Birnbaum, a strategist with ties to Viktor Orb\u00e1n's anti-globalist election initiatives in Hungary, provides a cross-border character to the scandal. Opponents claim the contract\u2014financed by Romanian state funds allocated to parliamentary groups\u2014is an abuse of public money. AUR refutes the existence of the agreement, stating its<\/a> U.S. costs were negligible and fair.<\/p>\n\n\n\n
The Andrew Tate link: A measure for governance<\/h2>\n\n\n\n
Simion's adamant support of the Tate brothers, who are on trial for rape and human trafficking, intensified heightened uncertainties. AUR's connections to Mateea Petrescu, the Tates' director of communications, and political analyst Anatol Lieven's attendance at a high-profile gathering with Simion highlight the intersection between domestic politics and global far-right webs. For businesspeople, this is a red flag: how will Romania's judiciary and political system navigate populist forces and the rule of law? The Tate case alone has attracted worldwide engagement, with NGOs caution about systemic corruption within the criminal justice system, a problem that can discourage foreign direct investment (FDI).<\/p>\n\n\n\n
Political risk in relation to the Romanian economy<\/h2>\n\n\n\n
Romania's economy, which expanded by 4.6% in 2023, is now experiencing challenges. The increase of AUR has already initiated discussions surrounding fiscal approach, with Simion calling for anti-globalist policies such as raising the tax burden on foreign firms. In the meantime, the scandal has rekindled debate surrounding the accountability of public expenditures, which is a key consideration for investors betting on sound regulatory environments.<\/p>\n\n\n\n
The BVB Index's volatility in 2024, down 12% from its 2023 high, suggests investor jitters. Political uncertainty, coupled with EU criticism of Romania's judicial reforms, may further test investor trust. Transparency International's Corruption Perceptions Index, which placed Romania 65th in the world in 2023 (out of 180 nations), already presents a warning sign.<\/p>\n","post_title":"\u20ac1.5M US lobbying controversy embroils far-right Romanian leader George Simion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"e1-5m-us-lobbying-controversy-embroils-far-right-romanian-leader-george-simion","to_ping":"","pinged":"","post_modified":"2025-04-26 18:50:37","post_modified_gmt":"2025-04-26 18:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7610","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7609,"post_author":"7","post_date":"2025-04-25 18:31:14","post_date_gmt":"2025-04-25 18:31:14","post_content":"\n
In January 2025, it was revealed that South Korean conglomerates had raised their lobbying expenditures in the US during the previous year, with Samsung at the forefront, spending almost $7 million. These increasing lobbying efforts in the world\u2019s largest economy seem to be a reaction to shifts in US approaches, including the CHIPS and Science Act and the Inflation Reduction Act, while also gearing up for the forthcoming Trump government.<\/p>\n\n\n\n
Government lobbying by nations and corporations is a routine affair in the USA. The clique of lobbyists <\/a>is well awarded for making sure that the objectives of their clients are safeguarded before the global economic giant.<\/p>\n\n\n\n
It's not surprising, therefore, that Samsung is among other large tech firms to engage in lobbying. Statistics from OpenSecrets, a research organization that monitors money coming into US politics, show that Samsung spent $5.45 million lobbying the US government alone last year.<\/p>\n\n\n\n
Samsung continues to invest less than Apple in lobbying the US government<\/h2>\n\n\n\n
Samsung Electronics America collectively shelled out $5.45 million in 2024 in lobbying expenditures. Other Samsung companies also used lobbyists, including Samsung Semiconductor at a cost of $860,000 and Samsung SDI America for $610,000. Collectively, the Samsung group had a total expenditure on lobbying to the tune of $6.98 million.<\/p>\n\n\n\n
If that sounds excessive, a bit of viewpoint will clarify. Apple invested $7.82 million in its lobbying activities in 2024. Compared to the combined total expenditures by all Samsung <\/a>businesses, it was still less than what Apple invested in defending and advancing its agenda.<\/p>\n\n\n\n
Samsung's expenditures are over twice those of its<\/a> principal foundry competitor, TSMC, which incurred $3.01 million. That gap is simply due to the reality that TSMC is solely in the relations of producing chips and doesn't have a consumer product selling business. Samsung is a large multinational corporation with numerous business divisions that sell goods straight to U.S. consumers like home devices, mobile phones, TVs, laptops, and more.<\/p>\n\n\n\n
It is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe lobbying agreement: A controversial framework<\/h2>\n\n\n\n
The alleged deal with BGD Legal, entered into mere days before Simion's April 2025 U.S. visit, purportedly was meant to garner the endorsement of US far-right pundits such as Steve Bannon and activist Jack Posobiek. The company\u2019s connection to George Birnbaum, a strategist with ties to Viktor Orb\u00e1n's anti-globalist election initiatives in Hungary, provides a cross-border character to the scandal. Opponents claim the contract\u2014financed by Romanian state funds allocated to parliamentary groups\u2014is an abuse of public money. AUR refutes the existence of the agreement, stating its<\/a> U.S. costs were negligible and fair.<\/p>\n\n\n\n
The Andrew Tate link: A measure for governance<\/h2>\n\n\n\n
Simion's adamant support of the Tate brothers, who are on trial for rape and human trafficking, intensified heightened uncertainties. AUR's connections to Mateea Petrescu, the Tates' director of communications, and political analyst Anatol Lieven's attendance at a high-profile gathering with Simion highlight the intersection between domestic politics and global far-right webs. For businesspeople, this is a red flag: how will Romania's judiciary and political system navigate populist forces and the rule of law? The Tate case alone has attracted worldwide engagement, with NGOs caution about systemic corruption within the criminal justice system, a problem that can discourage foreign direct investment (FDI).<\/p>\n\n\n\n
Political risk in relation to the Romanian economy<\/h2>\n\n\n\n
Romania's economy, which expanded by 4.6% in 2023, is now experiencing challenges. The increase of AUR has already initiated discussions surrounding fiscal approach, with Simion calling for anti-globalist policies such as raising the tax burden on foreign firms. In the meantime, the scandal has rekindled debate surrounding the accountability of public expenditures, which is a key consideration for investors betting on sound regulatory environments.<\/p>\n\n\n\n
The BVB Index's volatility in 2024, down 12% from its 2023 high, suggests investor jitters. Political uncertainty, coupled with EU criticism of Romania's judicial reforms, may further test investor trust. Transparency International's Corruption Perceptions Index, which placed Romania 65th in the world in 2023 (out of 180 nations), already presents a warning sign.<\/p>\n","post_title":"\u20ac1.5M US lobbying controversy embroils far-right Romanian leader George Simion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"e1-5m-us-lobbying-controversy-embroils-far-right-romanian-leader-george-simion","to_ping":"","pinged":"","post_modified":"2025-04-26 18:50:37","post_modified_gmt":"2025-04-26 18:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7610","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7609,"post_author":"7","post_date":"2025-04-25 18:31:14","post_date_gmt":"2025-04-25 18:31:14","post_content":"\n
In January 2025, it was revealed that South Korean conglomerates had raised their lobbying expenditures in the US during the previous year, with Samsung at the forefront, spending almost $7 million. These increasing lobbying efforts in the world\u2019s largest economy seem to be a reaction to shifts in US approaches, including the CHIPS and Science Act and the Inflation Reduction Act, while also gearing up for the forthcoming Trump government.<\/p>\n\n\n\n
Government lobbying by nations and corporations is a routine affair in the USA. The clique of lobbyists <\/a>is well awarded for making sure that the objectives of their clients are safeguarded before the global economic giant.<\/p>\n\n\n\n
It's not surprising, therefore, that Samsung is among other large tech firms to engage in lobbying. Statistics from OpenSecrets, a research organization that monitors money coming into US politics, show that Samsung spent $5.45 million lobbying the US government alone last year.<\/p>\n\n\n\n
Samsung continues to invest less than Apple in lobbying the US government<\/h2>\n\n\n\n
Samsung Electronics America collectively shelled out $5.45 million in 2024 in lobbying expenditures. Other Samsung companies also used lobbyists, including Samsung Semiconductor at a cost of $860,000 and Samsung SDI America for $610,000. Collectively, the Samsung group had a total expenditure on lobbying to the tune of $6.98 million.<\/p>\n\n\n\n
If that sounds excessive, a bit of viewpoint will clarify. Apple invested $7.82 million in its lobbying activities in 2024. Compared to the combined total expenditures by all Samsung <\/a>businesses, it was still less than what Apple invested in defending and advancing its agenda.<\/p>\n\n\n\n
Samsung's expenditures are over twice those of its<\/a> principal foundry competitor, TSMC, which incurred $3.01 million. That gap is simply due to the reality that TSMC is solely in the relations of producing chips and doesn't have a consumer product selling business. Samsung is a large multinational corporation with numerous business divisions that sell goods straight to U.S. consumers like home devices, mobile phones, TVs, laptops, and more.<\/p>\n\n\n\n
It is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe charges\u2014disavowed by AUR\u2014present troubling inquiries about foreign interference, transparency, and Romania's democratic stability. For investors, this is not just a political circus: it's an indicator of vulnerabilities in a nation where the far-right holds 30% of the national legislature and has major economic clout.<\/p>\n\n\n\n
The lobbying agreement: A controversial framework<\/h2>\n\n\n\n
The alleged deal with BGD Legal, entered into mere days before Simion's April 2025 U.S. visit, purportedly was meant to garner the endorsement of US far-right pundits such as Steve Bannon and activist Jack Posobiek. The company\u2019s connection to George Birnbaum, a strategist with ties to Viktor Orb\u00e1n's anti-globalist election initiatives in Hungary, provides a cross-border character to the scandal. Opponents claim the contract\u2014financed by Romanian state funds allocated to parliamentary groups\u2014is an abuse of public money. AUR refutes the existence of the agreement, stating its<\/a> U.S. costs were negligible and fair.<\/p>\n\n\n\n
The Andrew Tate link: A measure for governance<\/h2>\n\n\n\n
Simion's adamant support of the Tate brothers, who are on trial for rape and human trafficking, intensified heightened uncertainties. AUR's connections to Mateea Petrescu, the Tates' director of communications, and political analyst Anatol Lieven's attendance at a high-profile gathering with Simion highlight the intersection between domestic politics and global far-right webs. For businesspeople, this is a red flag: how will Romania's judiciary and political system navigate populist forces and the rule of law? The Tate case alone has attracted worldwide engagement, with NGOs caution about systemic corruption within the criminal justice system, a problem that can discourage foreign direct investment (FDI).<\/p>\n\n\n\n
Political risk in relation to the Romanian economy<\/h2>\n\n\n\n
Romania's economy, which expanded by 4.6% in 2023, is now experiencing challenges. The increase of AUR has already initiated discussions surrounding fiscal approach, with Simion calling for anti-globalist policies such as raising the tax burden on foreign firms. In the meantime, the scandal has rekindled debate surrounding the accountability of public expenditures, which is a key consideration for investors betting on sound regulatory environments.<\/p>\n\n\n\n
The BVB Index's volatility in 2024, down 12% from its 2023 high, suggests investor jitters. Political uncertainty, coupled with EU criticism of Romania's judicial reforms, may further test investor trust. Transparency International's Corruption Perceptions Index, which placed Romania 65th in the world in 2023 (out of 180 nations), already presents a warning sign.<\/p>\n","post_title":"\u20ac1.5M US lobbying controversy embroils far-right Romanian leader George Simion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"e1-5m-us-lobbying-controversy-embroils-far-right-romanian-leader-george-simion","to_ping":"","pinged":"","post_modified":"2025-04-26 18:50:37","post_modified_gmt":"2025-04-26 18:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7610","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7609,"post_author":"7","post_date":"2025-04-25 18:31:14","post_date_gmt":"2025-04-25 18:31:14","post_content":"\n
In January 2025, it was revealed that South Korean conglomerates had raised their lobbying expenditures in the US during the previous year, with Samsung at the forefront, spending almost $7 million. These increasing lobbying efforts in the world\u2019s largest economy seem to be a reaction to shifts in US approaches, including the CHIPS and Science Act and the Inflation Reduction Act, while also gearing up for the forthcoming Trump government.<\/p>\n\n\n\n
Government lobbying by nations and corporations is a routine affair in the USA. The clique of lobbyists <\/a>is well awarded for making sure that the objectives of their clients are safeguarded before the global economic giant.<\/p>\n\n\n\n
It's not surprising, therefore, that Samsung is among other large tech firms to engage in lobbying. Statistics from OpenSecrets, a research organization that monitors money coming into US politics, show that Samsung spent $5.45 million lobbying the US government alone last year.<\/p>\n\n\n\n
Samsung continues to invest less than Apple in lobbying the US government<\/h2>\n\n\n\n
Samsung Electronics America collectively shelled out $5.45 million in 2024 in lobbying expenditures. Other Samsung companies also used lobbyists, including Samsung Semiconductor at a cost of $860,000 and Samsung SDI America for $610,000. Collectively, the Samsung group had a total expenditure on lobbying to the tune of $6.98 million.<\/p>\n\n\n\n
If that sounds excessive, a bit of viewpoint will clarify. Apple invested $7.82 million in its lobbying activities in 2024. Compared to the combined total expenditures by all Samsung <\/a>businesses, it was still less than what Apple invested in defending and advancing its agenda.<\/p>\n\n\n\n
Samsung's expenditures are over twice those of its<\/a> principal foundry competitor, TSMC, which incurred $3.01 million. That gap is simply due to the reality that TSMC is solely in the relations of producing chips and doesn't have a consumer product selling business. Samsung is a large multinational corporation with numerous business divisions that sell goods straight to U.S. consumers like home devices, mobile phones, TVs, laptops, and more.<\/p>\n\n\n\n
It is more exposed to the terms of trade policy, such as tariffs, that would have a substantial effect on the company's operations. Therefore, it is logical that Samsung would hold a relatively more significant lobbying expenditure than TSMC.<\/p>\n","post_title":"Samsung leads surge in lobbying amid shifting U.S. industrial policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-leads-surge-in-lobbying-amid-shifting-u-s-industrial-policy","to_ping":"","pinged":"","post_modified":"2025-04-26 18:46:03","post_modified_gmt":"2025-04-26 18:46:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7609","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7598,"post_author":"7","post_date":"2025-04-24 20:21:32","post_date_gmt":"2025-04-24 20:21:32","post_content":"\n
Six of the leading policy organizations that speak for the U.S. auto industry are unusually coming together to lobby the Trump<\/a> government to oppose 25% tariffs on auto parts scheduled to go into force by May 3. The coalition \u2013 speaking for franchised automakers, suppliers and almost all significant automakers \u2013 write in a note to Trump government officials that the impending tariffs threaten U.S. automotive manufacturing. The note mentions numerous auto suppliers already have financial difficulties and might not meet the additional expense enlargements, causing more widespread industry issues.<\/p>\n\n\n\n
\n\u201cThe majority of automobile suppliers are not financed for a sudden tariff caused uproar. A lot of them are already struggling and will have production shutdowns, job losses, and bankruptcy,\" <\/p>\n<\/blockquote>\n\n\n\n
states the letter. <\/p>\n\n\n\n
\n\"It takes only the collapse of one supplier to cause the suspension of an automaker's production line. Whenever it occurs, as happened during the pandemic, all the suppliers are affected, and the employees will be out of their careers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The statement, signed on April 21, is directed at U.S. Treasury Secretary Scott Bessent, U.S. Department of Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.<\/p>\n\n\n\n
It is inked by leaders of American International Automobile Dealers Association, National Automobile Dealers Association, Autos Drive America, Alliance for Automotive Innovation, vehicle suppliers' association MEMA, and American Automotive Policy Council heads.<\/p>\n\n\n\n
The joint letter is unusual, if not historic, for the auto business. Such companies seldom, if ever, endorse a collective position.<\/p>\n\n\n\n
The associations claim to speak for the nation's No. 1 manufacturing<\/a> industry with 10 million American employment opportunities in all 50 states and $1.2 trillion injected into the economy annually. Other automakers that are not covered by the groups are electric car manufacturers Rivian Automotive, Tesla, and Lucid Group.<\/p>\n\n\n\n
\"US President Donald Trump has signaled a willingness to reconsider the policy of imposing 25 percent tariffs on imported auto parts \u2013 the same tariff relief that was recently granted to products such as electronics and semiconductors. A positive development like that would be a welcome relief,\" the letter states. <\/p>\n\n\n\n
The letter follows on the heels of Trump's statement last week that he might allow certain auto manufacturers that require extra time to relocate or boost U.S. car manufacturing.<\/p>\n\n\n\n
\u201cI\u2019m searching for solutions to assist certain car manufacturers that are transitioning to parts manufactured in Canada, Mexico, and elsewhere. They require some time to begin producing them locally,\u201d Trump stated on April 14. \u201cHowever, they do need some time, so I\u2019m discussing topics like that.\u201d<\/p>\n\n\n\n
Auto executives and analysts have said president\u2019s tariffs are more catastrophic for auto parts makers than for the automakers as a whole. The effect might produce a swell impact across the international supply chain, they add.<\/p>\n\n\n\n
Automotive officials project a decrease in vehicle sales by millions of units, rising prices for both new and used vehicles, and costs surpassing $100 billion throughout the industry, as indicated by research statements from Wall Street and automotive reviewers.<\/p>\n\n\n\n
\n\u201cWe promote increased manufacturing and additional supply chains within the United States, but it is unfeasible to shift global supply chains overnight or even within months. This process will require time,\u201d <\/p>\n<\/blockquote>\n\n\n\n
states the letter.<\/p>\n","post_title":"Automakers united in lobbying Trump against proposed auto parts tariff","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"automakers-united-in-lobbying-trump-against-proposed-auto-parts-tariff","to_ping":"","pinged":"","post_modified":"2025-04-24 20:21:32","post_modified_gmt":"2025-04-24 20:21:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7598","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":10},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe surge of far-right political groups in Eastern Europe has been a worrying factor for financiers in the past, but Romania's political intrigue at present could be a breakthrough. Alliance for Romania (AUR) leader George Simion has become the center of a scandal over a contested \u20ac1.5 million lobbying contract with U.S. company BGD Legal and Consulting. <\/p>\n\n\n\n
The charges\u2014disavowed by AUR\u2014present troubling inquiries about foreign interference, transparency, and Romania's democratic stability. For investors, this is not just a political circus: it's an indicator of vulnerabilities in a nation where the far-right holds 30% of the national legislature and has major economic clout.<\/p>\n\n\n\n
The lobbying agreement: A controversial framework<\/h2>\n\n\n\n
The alleged deal with BGD Legal, entered into mere days before Simion's April 2025 U.S. visit, purportedly was meant to garner the endorsement of US far-right pundits such as Steve Bannon and activist Jack Posobiek. The company\u2019s connection to George Birnbaum, a strategist with ties to Viktor Orb\u00e1n's anti-globalist election initiatives in Hungary, provides a cross-border character to the scandal. Opponents claim the contract\u2014financed by Romanian state funds allocated to parliamentary groups\u2014is an abuse of public money. AUR refutes the existence of the agreement, stating its<\/a> U.S. costs were negligible and fair.<\/p>\n\n\n\n
The Andrew Tate link: A measure for governance<\/h2>\n\n\n\n
Simion's adamant support of the Tate brothers, who are on trial for rape and human trafficking, intensified heightened uncertainties. AUR's connections to Mateea Petrescu, the Tates' director of communications, and political analyst Anatol Lieven's attendance at a high-profile gathering with Simion highlight the intersection between domestic politics and global far-right webs. For businesspeople, this is a red flag: how will Romania's judiciary and political system navigate populist forces and the rule of law? The Tate case alone has attracted worldwide engagement, with NGOs caution about systemic corruption within the criminal justice system, a problem that can discourage foreign direct investment (FDI).<\/p>\n\n\n\n
Political risk in relation to the Romanian economy<\/h2>\n\n\n\n
Romania's economy, which expanded by 4.6% in 2023, is now experiencing challenges. The increase of AUR has already initiated discussions surrounding fiscal approach, with Simion calling for anti-globalist policies such as raising the tax burden on foreign firms. In the meantime, the scandal has rekindled debate surrounding the accountability of public expenditures, which is a key consideration for investors betting on sound regulatory environments.<\/p>\n\n\n\n
The BVB Index's volatility in 2024, down 12% from its 2023 high, suggests investor jitters. Political uncertainty, coupled with EU criticism of Romania's judicial reforms, may further test investor trust. Transparency International's Corruption Perceptions Index, which placed Romania 65th in the world in 2023 (out of 180 nations), already presents a warning sign.<\/p>\n","post_title":"\u20ac1.5M US lobbying controversy embroils far-right Romanian leader George Simion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"e1-5m-us-lobbying-controversy-embroils-far-right-romanian-leader-george-simion","to_ping":"","pinged":"","post_modified":"2025-04-26 18:50:37","post_modified_gmt":"2025-04-26 18:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7610","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7609,"post_author":"7","post_date":"2025-04-25 18:31:14","post_date_gmt":"2025-04-25 18:31:14","post_content":"\n
In January 2025, it was revealed that South Korean conglomerates had raised their lobbying expenditures in the US during the previous year, with Samsung at the forefront, spending almost $7 million. These increasing lobbying efforts in the world\u2019s largest economy seem to be a reaction to shifts in US approaches, including the CHIPS and Science Act and the Inflation Reduction Act, while also gearing up for the forthcoming Trump government.<\/p>\n\n\n\n
Government lobbying by nations and corporations is a routine affair in the USA. The clique of lobbyists <\/a>is well awarded for making sure that the objectives of their clients are safeguarded before the global economic giant.<\/p>\n\n\n\n
It's not surprising, therefore, that Samsung is among other large tech firms to engage in lobbying. Statistics from OpenSecrets, a research organization that monitors money coming into US politics, show that Samsung spent $5.45 million lobbying the US government alone last year.<\/p>\n\n\n\n
Samsung continues to invest less than Apple in lobbying the US government<\/h2>\n\n\n\n
Samsung Electronics America collectively shelled out $5.45 million in 2024 in lobbying expenditures. Other Samsung companies also used lobbyists, including Samsung Semiconductor at a cost of $860,000 and Samsung SDI America for $610,000. Collectively, the Samsung group had a total expenditure on lobbying to the tune of $6.98 million.<\/p>\n\n\n\n
If that sounds excessive, a bit of viewpoint will clarify. Apple invested $7.82 million in its lobbying activities in 2024. Compared to the combined total expenditures by all Samsung <\/a>businesses, it was still less than what Apple invested in defending and advancing its agenda.<\/p>\n\n\n\n