How will Trump's foreign car tariff affect the US auto industry?

How will Trump's foreign car tariff affect the US auto industry?

6 years ago
Anonymous $roN-uuAfLt

https://www.cnet.com/roadshow/news/2018-trump-25-percent-foreign-car-tariff/

If The Donald does manage to get his 25 percent tariff imposed, foreign automakers have a few options. First, they could swallow the cost and continue selling vehicles at similar prices to what we have now. Naturally, this would totally hose their bottom lines and could have residual effects like the slower development of technology, etc., due to reduced budgets. Not ideal.

President Trump's proposal for a 25 percent tariff on imported cars could spell bad news for the American auto market.