Remember When 'Foreign Cars" Cost More - Well They May Again

Editor's Note: With all of the car makers hollering about how much the price of their "Foreign Cars" will increase, do you think that if the American Consumer stops buying, that MAYBE THE CAR COMPANIES WILL EAT THE COST AND MAKE LESS PROFIT FROM THE US MARKET?

Tariff Update:

• June 22, 2018: The EU is imposing a 25 percent duty on a range of U.S. products including Harley-Davidson Inc. motorcycles, Levi Strauss & Co. jeans and bourbon whiskey. The EU measures cover a total of around 200 categories in total, also including various types of corn, rice, orange juice, cigarettes, cigars, t-shirts, cosmetics, boats and steel.
• Trump: "If these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!"

Trump Tariffs May Cost Carmakers at Least 1 Million Annual Sales Says Industry Predictor

Washington DC June 12, 2018; The NADA newsletter reported that if President Donald Trump slaps a 25 percent tariff on imported vehicles, it may cost the U.S. auto industry 1 million annual vehicle sales -- and that’s just the low end of the estimated damage.

The projection by researcher LMC Automotive assumes automakers would absorb at least half the cost of a tax on imported vehicles, said Jeff Schuster, senior vice president of forecasting. If companies pass the full 25 percent cost on to consumers, it could snuff out about 2 million sales, or more than 10 percent of annual U.S. deliveries, he said.

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