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whitepaper
CONSUMER IMPACT OF POTENTIAL U.S. SECTION 232 TARIFFS AND QUOTAS ON IMPORTED AUTOMOBILES & AUTOMOTIVE PARTS
If the Trump Administration chooses to implement tariffs or quotas on U.S. imports of automobiles and automotive parts, the Centre for Automotive Research (CAR) estimates that consumers will see the price of all new vehicles rise by $455 to $6,875 depending on the level of tariff or quota, where the vehicle was assembled, and whether the policy provides exemptions for automotive trade with Canada and Mexico. Higher new car prices will drive some consumers into the used vehicle market where prices will also be higher due to heightened demand and constricted supply producers cannot make more used vehicles. N/A DOWNLOAD