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Cash-for-Clunkers = Cash-for-Foreign Automakers?
Alan Tonelson
Sunday, September 13, 2009
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U.S. AUTO INDUSTRY TRENDS

U.S. auto sales during first month of Cash for Clunkers program* (June-July, 2009):  +16.02%

U.S. auto imports since Cash for Clunkers bill introduced** :  +27.62%

U.S. auto parts imports since Cash for Clunkers bill introduced:  +4.06%

U.S. auto trade deficit since Cash for Clunkers bill introduced:  +56.10%

U.S. auto parts trade deficit since Cash for Clunkers bill introduced:  +16.23%

Overall U.S. automotive trade deficit since Cash for Clunkers bill introduced: +43.36%

Overall U.S. trade deficit since Cash for Clunkers bill introduced:  +9.71%

U.S. manufacturing trade deficit since Cash for Clunkers bill introduced: +26.36%  

*change from June-July, 2009
**March 17, 2009



Sources: “Car Makers Upbeat as Sales Rebound,” by Jeff Bennett, The Wall Street Journal, September 2, 2009; calculated from Trade Dataweb, U.S. International Trade Commission, http://dataweb.usitc.gov; “$3,000-$5,000 incentive for car buyers proposed,” by Sharon Silke Carty, USA Today, March 18, 2009

Alan Tonelson is a Research Fellow at the U.S. Business & Industry Educational Foundation and the author of The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Westview Press).
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