Auto groups lobby Trump administration against parts tariffs in rare unified message
- Six trade groups representing automakers urged the Trump administration to reconsider a 25% tariff on auto parts before it takes effect on May 3, 2025.
- The tariff is estimated to increase production costs for U.S. Automakers by $108 billion in 2025, ultimately raising prices for consumers.
- Flavio Volpe warned that a single supplier's failure could halt production lines for automakers and that the auto industry's supply chain cannot be easily modified.
- The letter from auto industry groups emphasized that the tariffs would raise consumer prices and complicate vehicle servicing and repairs.
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Auto industry tells Trump that tariffs on car parts will mean 'layoffs and bankruptcy'
A coalition of auto industry groups, including manufacturers and dealers, say in a letter that car parts tariffs will cripple industry.
·Detroit, United States
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Leaning Left5Leaning Right0Center5Last UpdatedBias Distribution50% Left, 50% Center
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