hereforamerica
Carmakers Warn Tariffs Would Drive Up Vehicle Prices & Cause Job Losses
Here for America
Americans planning to buy a car this year may have to contend with pricier wheels. That's the fear of auto industry groups after the Department of Commerce sent a report to President Trump on whether the U.S. should impose tariffs on imported cars and parts.
1
×
Carmakers Warn Tariffs Would Drive Up Vehicle Prices & Cause Job Losses

Americans planning to buy a car this year may have to contend with pricier wheels. That’s the fear of auto industry groups after the Department of Commerce sent a report to President Trump on whether the U.S. should impose tariffs on imported cars and parts.

For now, it’s not clear what those recommendations are — a spokesman for the federal agency said no details on the report would be made public, according to the Reuters news agency. But Mr. Trump has previously threatened to levy a 25 percent tariffs on foreign-made vehicles and auto parts.

Read more…