When President Obama took office, the American auto industry was shedding jobs by the hundreds of thousands. Today – thanks to the Administration’s support – the industry is once again leading the world, and the U.S. auto industry has added over 600,000 jobs since mid-2009, the industry's strongest growth on record. TPP will build on that strong performance by unlocking new opportunities for exports of ‘Made-in-America’ parts, cars and trucks.

• TPP presents a significant growth opportunity for U.S. auto exports. Historically, U.S. auto exporters have faced a broad range of formidable barriers to export in TPP countries, particularly in Japan. TPP addresses these barriers.
• TPP eliminates foreign taxes in the form of tariffs on exports of Made-in-America cars and trucks. That includes eliminating Malaysia’s 30% foreign tax on autos, and Vietnam’s foreign tax of 70% on autos.
• TPP and a U.S.-Japan bilateral agreement also address the wide range of non-tariff measures in Japan that have kept U.S.-made autos, trucks, and parts out of this important market, including transparency in regulations, standards, certification, financial incentives, and distribution.