Industry group says car-care business owners, employees should be very afraid of Trump administration’s proposed tariffs.
U.S. workers build cars at Hyundai Motor Manufacturing, LLC. Photo: Hyundai Media Center. |
According to the trade group, based in Bethesda, Maryland, an economic study they commissioned finds that proposed tariffs of 25 percent on imported automobiles and car parts could cost the auto parts manufacturing sector 17,800 jobs, resulting in wage losses of $1.4 billion for affected workers.
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