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Trump Tariff Chaos – Latest CAR Analysis is Grim
The Center for Automotive Research (CAR) released today a new analysis of the impact of potential tariffs on imported auto parts and light vehicles. It tackles what impact will a uniform 25% tariff on all trading partners have on the automotive industry overall?
“The analysis emphasizes the complexity of the modern automotive supply chain, noting that ‘the modern automotive supply chain is both global and complex, convoluting the seemingly simple question of the cost of 25% tariffs on the industry,’ and that ‘automakers and their suppliers are often multinational companies with facilities spread out across the world,’ making it difficult to discern how much of a vehicle is domestically produced,” said Dr. K. Venkatesh Prasad, Senior Vice President of Research and Chief Innovation Officer at CAR Continue reading →