By Cheri Fleming, dealer/principal for Valencia Acura
It’s simple economics — when the cost of producing goods goes up, sales go down. With a decrease in sales, jobs are lost.
A 25% tariff on imported autos and auto parts would decrease annual auto sales by 2 million units, according to the National Automobile Dealers Association. That equates to a loss of 117,500 of the 1.1 million jobs at new car dealerships, which is an average job loss of 10% per dealership.
While auto dealers in general support President Trump’s goals of modernizing U.S. trade agreements, trade actions such as new tariffs up to 25% on imported autos and auto parts would hurt the auto industry and consumers. New tariffs – impacting both domestic and international