Automakers warn new Trump tariffs will boost costs, cut vehicle sales

"Additional tariffs will increase costs on American consumers, lower the total number of vehicles sold inside the U.S. and reduce U.S. auto exports - all before any new manufacturing or jobs are created in this country," said
The group represents every major automaker including
Bozzella said the group supports Trump's goal of more U.S. auto production.
"We are committed to building and investing in the U.S., but these facilities and supply chains are massive and complex and can't be relocated or redirected overnight," Bozzella added.
The
Ford CEO
Despite the fact that more than 80% of vehicles Ford sells in
Other questions remain open including whether Trump will extend 25% tariffs imposed earlier this month on vehicles assembled in
The
Automakers may spread the tariff cost between U.S.-produced and imported models, cut back on features, and in some cases, stop selling affordable models aimed at first-time car buyers, as many of those are imported and less attractive if they carry a higher price tag.
(Reporting by
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