Home Current Detroit auto show begins amid talk of NAFTA, tax cuts

Detroit auto show begins amid talk of NAFTA, tax cuts

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Detroit auto show begins amid talk of NAFTA, tax cutsThe Detroit Auto Show shifted into full gear Sunday with international trade and tax cuts dominating the conversation, even as an optimistic industry raced to meet Americans’ seemingly insatiable appetite for trucks and SUVs. In a keynote address, US Transportation Secretary Elaine Chao touted the tax cuts, which reduced the US corporate tax rate from 35 to 21 percent, saying the move will attract more US investment. Industry insiders were taking a wait-and-see attitude toward talks to revamp the North American Free Trade Agreement, which has generated fears of huge tariffs on Mexican-made imports to the US.