Automotive Industry Fights Section 232 Tariffs

It is difficult to find anyone affiliated with the automotive industry in the United States, Europe, Asia or anywhere else who is in favor of tariffs on automobiles, automobile parts, automobile raw materials or anything else that goes into making a car or truck or other vehicle. The industry seems to be in rare consensus agreement that such tariffs will do nothing more than raise prices and cost jobs. Forbes summed it up directly in its headline: Trump’s Auto Tariffs Receive Little Support In First Day Of Hearings.

Foreign companies, most of whom have made significant investments in the United States, are of course opposed to the tariffs. For example, nine different Japanese organizations submitted opinions opposed to the tariffs. And, of course, threats of retaliatory tariffs have been constant. The European Union has been vocal about its intentions to impose tariffs in response.