Loc: Somewhere out there
Originally Posted By: Formermac
The Center for Automotive Research (CAR), a nonprofit founded with the goal of improving “the competitiveness of the U.S. automotive industry,” published a new report highlighting how Trump’s trade policies could hurt the industry and everyday consumers alike. “If the U.S. were to enact a 35 percent tariff on light vehicles imported from Mexico, CAR estimates the sales impact would be 450,000 units in the United States, and an implied loss of nearly 6,700 North American assembly jobs,” the report states.
Meanwhile, because roughly 40% of the cars assembled in Mexico bound for the U.S. include parts that are manufactured in the U.S., thousands of other American workers would be impacted as well. All said, the report claims, “At least 31,000 U.S. jobs could be lost—in addition to some proportion of the 6,700 North American job loss—as a result of a 35 percent tariff on light vehicles and parts imports from Mexico.”
Great post Formermac.
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