Latest news with #DetroitRegionalChamberof
Reuters
31-03-2025
- Automotive
- Reuters
Trump 25% auto tariffs will lead to vehicle price hikes, autoworker pain, two Michigan business groups say
WASHINGTON, March 31 (Reuters) - Two Michigan business groups urged President Donald Trump to halt plans to impose sweeping 25% tariffs on imported vehicles and parts, saying it would lead to dramatic price hikes, supply chain disruptions and pain in the auto-heavy state. "The increased costs would cause significant disruption throughout the supply chain and, perhaps most importantly, lead to significant price increases to the cost to American consumers for vehicles," said the Detroit Regional Chamber of Commerce and MichAuto, an automotive and mobility association. "In Michigan, where one in five jobs is automotive-related, the pain felt by working-class citizens will be profound."
Yahoo
31-03-2025
- Automotive
- Yahoo
Trump 25% auto tariffs will lead to vehicle price hikes, autoworker pain, two Michigan business groups say
WASHINGTON (Reuters) - Two Michigan business groups urged President Donald Trump to halt plans to impose sweeping 25% tariffs on imported vehicles and parts, saying it would lead to dramatic price hikes, supply chain disruptions and pain in the auto-heavy state. "The increased costs would cause significant disruption throughout the supply chain and, perhaps most importantly, lead to significant price increases to the cost to American consumers for vehicles," said the Detroit Regional Chamber of Commerce and MichAuto, an automotive and mobility association. "In Michigan, where one in five jobs is automotive-related, the pain felt by working-class citizens will be profound." Sign in to access your portfolio
