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Major Automakers Fear Administration’s Grenade – Imposing U.S. Auto Tariffs
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Major automakers are bullish on the outlook for the U.S. economy and auto sales, but one big question remains - will the Administration throw a grenade into the sector by imposing sweeping tariffs of up to 25 percent on car and auto parts imports?
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Major Automakers Fear Administration’s Grenade – Imposing U.S. Auto Tariffs

Major automakers are bullish on the outlook for the U.S. economy and auto sales, but one big question remains – will President Donald Trump throw a grenade into the sector by imposing sweeping tariffs of up to 25 percent on car and auto parts imports?

The industry is in “wait-and-see mode,” but the tariffs would be a bad idea, Bob Carter, head of U.S. sales at Toyota Motor Corp , told Reuters on Wednesday.

Carter said in an interview he was optimistic the Trump administration would decide against tariffs, yet “uncomfortable” given the president’s decision last year to impose tariffs on steel and aluminum imports.

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