US automotive industry to warn about impact of tariffs

Washington – A broad spectrum of auto interests, armed with their latest impact studies, are preparing to testify today at a Commerce Department hearing that raising auto tariffs would harm the US industry and consumers severely.

The stakeholders are presenting a united front against the Trump administration’s unprecedented investigation into whether imports of autos and auto parts pose a national security threat, saying a potential 25% tariff to limit foreign competition would undermine the manufacturing growth the president seeks.

“The National Automobile Dealers Association recognises the importance…

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