Group warns Trump's auto tariffs could cost American buyers, hurt Detroit
- A group named Advancing American Freedom warned on Monday that President Trump's 25% auto tariffs could raise costs for vehicle owners and impact Detroit's auto industry.
- The warning followed Trump's recent lower-tariff trade deal with the UK, which critics say prioritizes the UK over North American partners despite lower industry integration with the UK.
- The Center for Automotive Research's April report shows the tariffs could increase costs by more than $42 billion and threaten up to 165,000 jobs, about 20% of auto manufacturing employment.
- Matt Blunt, who leads the American Automotive Policy Council, highlighted findings from the Center for Automotive Research showing that a 25% tariff would greatly increase costs for the automotive sector.
- The group said continuing the tariffs could disrupt the industry and urged investments in cheaper energy, efficient raw materials, right-to-work laws, and lower taxes instead of tariff chaos.
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38 Articles
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Trump angers Ford, General Motors and Stellantis again over the trade deal with the UK
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Group warns Trump's auto tariffs could cost American buyers, hurt Detroit
(The Center Square) – A group founded by former Vice President Mike Pence warned Monday that President Donald Trump's auto tariffs could raise prices for vehicle owners across the country and potentially hurt the nation's auto capital in Detroit.
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