Trump at Dana

usmca

Trump’s visit to the former tank plant north of Detroit came a day after he signed into law the so-called United States-Mexico-Canada Agreement (USMCA), a replacement for the much-maligned North American Free Trade Agreement (NAFTA) signed by then-President Bill Clinton in the early 1990s. — Detroit Free Press

 

The White House writes:

President Trump flew to Michigan today (January 30, 2020), where he joined workers to celebrate the signing of his new U.S.–Mexico–Canada Agreement (USMCA) and the end of NAFTA.
 
Dana Incorporated, where the President spoke, perfectly captures America’s blue-collar spirit. Based near Detroit, the company employs more than 1,500 workers that help assemble some of the toughest vehicles in the world. Dana Inc., for example, helped invent the iconic U.S. Army Jeep in 1941.
 
This factory is the site of “116 years of brilliant American craftsmanship,” President Trump said. It’s businesses like Dana Inc. that will benefit tremendously from USMCA.
 
“We just ended a nightmare known as NAFTA. They took our jobs for a long time,” the President said. USMCA is the fairest, most balanced, and beneficial trade agreement we have ever signed into law, he added.
 
All told, some 60,000 U.S. plants and factories closed up shop in the 16 years before President Trump’s election. For years, politician after politician promised to fix NAFTA—only to reverse course once they got into office. While they did nothing, an astonishing one-quarter of our country’s manufacturing jobs moved elsewhere.
 
Michigan knows that story all too well. Once the global hub for the auto industry, the state lost nearly half those jobs under NAFTA, and roughly 200,000 manufacturing jobs in total. With USMCA, old loopholes that pushed car-part manufacturing overseas are gone: Now, at least 75 percent of every vehicle must be made in North America.  
 
Over the next five years alone, USMCA is projected to boost purchases of U.S.-made auto parts by $23 billion annually while supporting $34 billion in new automotive manufacturing investments. That will help create 100,000 new jobs in this industry alone.
 
The bottom line, says President Trump: “We are bringing your jobs back home to America—and back home to Michigan.”

Dana Corp. is based in Maumee, Ohio. Dana has factories in Michigan, but none in Detroit. 

From Dana’s history page:

2010

  • Dana extends its leadership position in the commercial vehicle driveline market with a 50-percent stake in Dongfeng Dana Axle Co., Ltd., its joint venture in China
  • Completes strategic agreement with SIFCO S.A., making Dana the leading supplier of complete drivelines in South America

2013

  • The Dana China Technical Center, a 129,000-square-foot facility in Wuxi, Jiangsu Provence, China, opens.

2015

  • Dana opens its 16th technology center in Cedar Park, Texas and the Dana Spicer Thailand gear manufacturing facility

2017

  • Completed acquisition of Brevini Group, S.p.A. power transmission and fluid power businesses for off-highway applications
  • Dana Breaks Ground on New Gear Manufacturing Facility in Europe

2018

  • Dana opens its 16th Chinese facility in Yancheng, producing thermal-management and new-energy solutions

Mitt Romney reportedly made a fortune moving auto parts manufacturing overseas. Donald Trump now suggests he can undo that. Can he turn back the clock?

http://www.dana.com/corporate-pages/history

https://www.freep.com/story/money/cars/2020/01/30/trump-warren-usmca-nafta/2856923001/

 

About whungerford

* Contributor at NewNY23rd.com where we discuss the politics, economics, and events of the New New York 23rd Congressional District (Allegany, Cattaraugus, Chautauqua, Chemung, (Eastern) Ontario, Schuyler, Seneca, Steuben,Tioga, Tompkins, and Yates Counties) Please visit and comment on whatever strikes your fancy.
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