Automakers to warn Trump of $45 billion higher vehicle costs if tariff imposed

June 26, 2018 by  
Filed under News

WASHINGTON (Reuters) – An automotive trade group said on Tuesday it would tell the Trump administration that a U.S. threat to impose a tariff of up to 25 percent on imported passenger vehicles under national security grounds would cost American consumers $45 billion annually, or $5,800 per vehicle.

Source: Reuters Business News

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