Trade Cases
February 19, 2019
CAR: Auto Tariffs Would Cause “Substantial Harm” to Economy
Written by Sandy Williams
Section 232 tariffs on imported autos and auto parts would cause “substantial harm” to the U.S. economy, says a new report by the Center for Automotive Research.
CAR analyzed the impact of 25 percent auto tariffs in 10 policy scenarios, concluding that, in all cases, the outcomes “are all profoundly negative for consumers, for new vehicle dealership revenue and employment, and for overall U.S. economic output and employment levels.” In every scenario, average vehicle prices rise and sales fall.
