All NEW Investors: Your gift matched $ for $ this week! GIVE NOW

Auto makers wait to see if Trump will impose tariffs

Erika Beras Feb 18, 2019
HTML EMBED:
COPY
Bill Pugliano/Getty Images

Auto makers wait to see if Trump will impose tariffs

Erika Beras Feb 18, 2019
Bill Pugliano/Getty Images
HTML EMBED:
COPY

Commerce Secretary Wilbur Ross sent a confidential report to President Trump on Sunday evening, detailing findings about the national security risks involved in importing foreign cars and auto parts. Ross’s department initiated the investigation last spring at Trump’s request, and Car makers are anticipating broad tariffs of up to 25 percent on assembled cars and parts as a result. On Friday, the Center for Automotive Research said that tariff would cost 366,900 auto jobs in the U.S. So what can auto shoppers expect?

Click the audio player above to hear the full story.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.