Trump’s Trade Moves Are A Threat To Michigan Jobs

May 11, 2018

Trump’s Trade Moves Put U.S. Carmakers in a Jam at Home and Abroad — Mr. Trump’s efforts to renegotiate the North American Free Trade Agreement, to impose tariffs on imported aluminum and steel and to reduce America’s trade deficit with China could limit the reach of companies that produce cars in the United States and depend on access to growing markets outside the country. . . . Ms. Dziczek and her colleagues at the [Center for Automotive Research] ​said that the proposed Nafta rule changes could subject 25 to 87 percent of vehicles sold in the United States to new tariffs, raising the price of those vehicles by $470 to $2,200 each. A report by the center warns that such increases would reduce annual auto sales in the United States by 60,000 to 150,000. (New York Times)

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