Trump’s 25% Auto Tariffs Could Cost Americans Jobs and Sales
According to research by the Michigan-based Center for Automotive Research (CAR), a 25% auto tariffs will cost Americans dearly. We can expect:
- 2 million fewer new vehicles sold per year
- Total U.S. employment losses of nearly 714,700 jobs, and GDP losses of $59.2 billion
- Increases in the price of the typical vehicle sold in the United State by about $4,400.