'It's a nightmare scenario': Trump tariffs would devastate auto industry, experts warn

according to As the Trump administration doubles-down on its threat to impose 25 per cent tariffs on auto imports, industry experts are warning that the move would devastate the North American auto industry and lead to job losses not only in Canada, but also in the United States. While it is yet to be seen whether the auto tariffs will come into effect, Trump seemingly reiterated his support for them in tweets over the weekend. David Adams, president of Global Automakers of Canada whose membership includes Toyota Canada Inc. and Honda Canada Inc., said the tariffs would present immediate difficulties for all auto manufacturers in Canada. You're not going to redirect current automotive production into the U.S. because of this."Many economist and auto industry experts agree that the immediate impact of the auto tariffs would be felt by American consumers. But she said the proposed 25 per cent tariffs "would be an entirely different consideration.

EU warns of boomerang effect if Trump imposes auto tariffs

Subaru Outback vehicles move down the assembly line at the Subaru of Indiana Automotive Inc. manufacturing facility in Lafayette, Ind. In a 10-page submission to the United States Commerce Department sent last Friday, the European Union said tariffs on cars and car parts were unjustifiable and did not make economic sense. The EU has a 10 per cent levy, compared with 2.5 per cent for cars entering the United States. In its submission, the EU said EU companies make close to 2.9 million cars in the United States, supporting 120,000 jobs – or 420,000 if cars dealerships and car parts retailers are included. The submission said that tariffs on cars and car parts could undermine U.S. auto production by imposing higher costs on U.S. manufacturers.

Trump auto tariffs get pushback from Korea to Kansas

as mentioned in Factory workers lose jobs as steel tariffs put business in "crisis mode"Mr. Trump doesn't appear to be moved. At the June 29 deadline for comments on the proposed tariffs, 2,159 were submitted, according to the Commerce Department's website. Officials in Birmingham, Alabama, said they're "especially troubled" by a potential for tariffs on auto parts. Yet they also cautioned the administration and Commerce Secretary Wilbur Ross to take a measured approach to actions in the auto industry. But the UAW said the administration shouldn't view the auto industry in isolation.

collected by :Catlin Logan

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