hereforamerica
Auto Tariffs Could Drive Down Economy
Here for America
History suggests that auto trade restrictions almost never deliver.
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Auto Tariffs Could Drive Down Economy

History suggests that auto trade restrictions almost never deliver. Back in the late 1970s and early ’80s, the United States put trade restrictions on the surging Japanese auto companies — including Honda and Toyota. A landmark study by Robert Crandall of the Brookings Institution found that from 1982 to 1985, those trade barriers led to a “$10-$15 billion welfare loss absorbed by U.S. consumers.”

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