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July 19, 2018

Auto industry blasts car tariff proposal

  • By one estimate, tariffs would raise auto prices overall by 9 percent — and up to 21 percent for luxury models — and cost 195,000 jobs.
    • By PAUL WISEMAN, CHRISTOPHER RUGABER and TOM KRISHER
    AP Business Writers

    WASHINGTON — Having started a trade war with China and enraged U.S. allies with steel tariffs, President Donald Trump is primed for his next fight. He is targeting a product at the heart of the American experience: cars.

    Trump's latest plan is to consider slapping tariffs on imported autos and auto parts — a move he says would aid American workers but that could inflate car prices, make U.S. manufacturers less competitive and draw retaliation from other nations.


     
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