US EditionNoted economist honored by Trump warns that 25% tariffs risk ‘irreparable damage’ to US automakers
- Arthur Laffer warns that President Donald Trump's 25% tariffs on auto imports could increase vehicle costs by $4,711 and weaken U.S. Automakers' competitiveness against foreign rivals.
- Laffer's analysis suggests that preserving the USMCA supply chain rules could reduce vehicle costs to $2,765, benefiting the auto industry.
- The White House has exempted auto and parts imports under USMCA from tariffs beginning April 3 to establish a process for taxing non-U.S. Content in vehicles.
- Laffer emphasizes that the proposed tariffs risk causing irreparable damage to the auto industry, contradicting efforts to strengthen U.S. Manufacturing.
65 Articles
65 Articles
Colorado Springs Gazette
Denver GazetteTrump says 25% auto tariffs will ‘absolutely’ be permanent
President Donald Trump on Saturday was adamant that his recently announced 25% tariffs on automobile imports will be permanent after they go into effect on April 2. In a phone interview with NBC News’s Kristen Welker, Trump said the tariffs…
Economist says tariffs may hurt automakers
WASHINGTON — Noted economist Arthur Laffer warns in a new analysis that President Trump's 25% tariffs on auto imports could add $4,711 to the cost of a vehicle, adding that the proposed taxes could weaken the ability of U.S. automakers…
The Tariffs ‘Laffer Curve’
Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. The Tariffs ‘Laffer Curve’ David Goldman analyzes the evolving landscape of US tariff policy, financial markets, and global tech competition, arguing that President Trump’s recent remarks about easing tariffs reflect a strategic attempt to balance […] The post The Tariffs ‘Laffer Curve’ appeared first on Asia Times.
Noted economist honored by Trump warns his 25% tariffs could add $4,711 to the cost of a vehicle (copy)
WASHINGTON — Noted economist Arthur Laffer warned in a new analysis that President Donald Trump’s 25% tariffs on auto imports could add $4,711 to the cost of a vehicle and says the proposed taxes could weaken the ability of U.S.…
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