Auto Care Association Issues Statement On Senate Finance Committee Hearing On Tariffs
“A recent economic study completed for the Auto Care Association by John Dunham and Associates found that a 25 percent tariff on imported auto parts could cause a reduction of 17,800 jobs in the auto parts manufacturing sector, resulting in $1.4 billion in lost wages,” wrote Auto Care Association President and CEO Bill Hanvey.
Study Finds More Than 100,000 Industry Jobs At Risk With Tariffs On Imported Auto Parts
In a study provided by the Auto Care Association in comments to the U.S. Department of Commerce, it was found that a 25 percent tariff on imported auto parts could cause a reduction of 17,800 jobs in the auto parts manufacturing sector, resulting in $1.4 billion in lost wages.
