What could steep tariffs on foreign steel, aluminum mean for the US carmakers?
President Trump is digging in on his promised tariffs on foreign aluminum and steel: 10% on imported aluminum, 25% on imported steel.
That announcement sent the stock market tumbling and got our European and Canadian allies talking about possible trade wars, and retaliatory tariffs on American-made products.
And the pushback from the president’s own party is growing: House Speaker Paul Ryan has split with the president and opposes the tariffs, and Congressional Republicans are figuring out how to block them.
Kristin Dziczek, director of the Industry, Labor, and Economics Group at the Center for Automotive Research, joined Stateside today to explain what all of this could mean for the U.S. auto industry.
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