Economy

Howes: Trump considers tariffs on imported vehicles, and the effect “could be profound”

Michigan Public | By Stateside Staff

Published May 24, 2018 at 5:04 PM EDT

multicolored shipping containers in a ship yard with imported goods — "The impact of this, if it were to happen, and that's a really important caveat, could be profound on the industry and on trade influence," Howes said.

President Trump is considering tariffs on imported cars, trucks, and parts.

That word came after a Wednesday morning tweet from the president, promising "big news coming soon for our great American Autoworkers."

There will be big news coming soon for our great American Autoworkers. After many decades of losing your jobs to other countries, you have waited long enough!
— Donald J. Trump (@realDonaldTrump) May 23, 2018

Daniel Howes, Detroit News business columnist, joined Stateside to tell us what a tariff on imported vehicles might look like in the auto industry.

Listen above to hear what the effect of a tariff like this could be on a global level, what this could mean for ongoing NAFTA negotiations, and what role local politics are playing in this tariff idea.

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