(Washington) – Tariffs Hurt the Heartland, the nationwide campaign against tariffs supported by American manufacturers, retailers, technology, and agriculture organizations released the following statement today after the Commerce Department sent the White House the outcome of their 232 investigation on auto and auto parts imports. Tariffs Hurt the Heartland, in conjunction with the Trade Partnership, released a study this month that quantifies the economic damage auto 232 tariffs and other tariff escalations would cause to the American economy. Read that study HERE.
“Beyond just the absurdity of labeling the car in your driveway a national security threat, taxing autos through tariffs would have clear economic consequences. As the study our coalition recently released found, taxing autos with tariffs plus increasing tariffs to 25 percent in March would cost over one million American jobs. It would also cost the average American family over $900. Over the next 90 days, the administration needs to carefully consider whether massive tax increases on American businesses and consumers will be the core of their trade agenda. Because it’s Americans, not other countries, who are being burdened with the heaviest costs of this trade war.”