These tariffs on imported automobiles and parts could trigger significantly higher prices. Read the details below:
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The United States has a thriving automobile industry, and the institution of Section 232 tariffs would pose a danger to that industry. The disruption of supply chains and higher production costs will result in lost manufacturing jobs and significantly higher auto prices for consumers.
- Millions of American workers are employed within the industry segment that imports automobiles and auto parts.
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Millions of American workers are also employed domestically in producing automobiles and auto parts that are exported to the global marketplace.
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Imports of autos and auto parts do not threaten American security, including specialty auto parts that enhance a vehicle’s appearance and performance. Imposing a 25% tariff on these products risks economic harm and the threat of retaliatory tariffs.
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The specialty and performance parts industry is made up primarily of small businesses that have no impact on domestic industrial capacity and national security.
DON’T DELAY! Please contact the U.S. Department of Commerce immediately (by June 29). Click here: https://www.regulations.gov/comment?D=DOC-2018-0002-0001