Category: International Trade

Automakers Warn U.S. Tariffs Will Cost Hundreds of Thousands of Jobs, Hike Prices

Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving cars.

Auto Tariffs Are the Wrong Way to Address Trade Concerns

Even from a distance, it’s easy to see that broad-based tariffs on vehicles and auto parts would result in seismic unintended consequences.

The Facts on the Trump Administration’s Tariff Plan

The Trump Administration announced in late May that it was initiating an investigation that could result in a tariff of up to 25% on imported automobiles and automobile parts.

Consumer Affordability Remains NADA’s Focus During Tariffs Debate

As always, NADA will continue to work with the Trump Administration and Congress to advocate for policies, including trade policies, that enable our customers to be the driving force behind our success and the success of the U.S. economy.