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.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.