Unfortunately, the U.S. Department of Commerce is considering placing tariffs on imported autos and auto parts.
While the officials considering this move have America’s best interest at heart, we are afraid that these proposed tariffs could result in a de facto tax for American consumers who will be forced to pay more when they purchase new vehicles or visit their mechanics.
Remember, free and fair trade helped the economy rebound after the Great Recession, pushing automotive production to near record levels. Because of this success, we have added $953 billion to the economy each year and helped keep 7.2 million Americans employed. But after years of unprecedented straight growth, sales have been leveling off and potentially making the economy more fragile. We do not want to turn the clock back on our progress, and that’s why our industry needs free and open trade – now more than ever.