Why Auto Tariffs Could Backfire for U.S. Car Exports
In This Article:
“You’re going to make the U.S. uncompetitive as an export platform, because most export platforms use some imported parts,” Brad Setser, senior fellow at the Council on Foreign Relations, said. BMW produces SUVs for global export at a plant in South Carolina, but imports parts from China. Cox Automotive forecasts pre-owned vehicle prices will rise as shoppers trade down from new models.
Terms and Privacy Policy