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Economy

Howes: Trump considers tariffs on imported vehicles, and the effect “could be profound”

multicolored shipping containers in a ship yard with imported goods
Jan Buchholtz
/
Flickr - http://bit.ly/1xMszCg
"The impact of this, if it were to happen, and that's a really important caveat, could be profound on the industry and on trade influence," Howes said.

President Trump is considering tariffs on imported cars, trucks, and parts.

That word came after a Wednesday morning tweet from the president, promising "big news coming soon for our great American Autoworkers."

Daniel Howes, Detroit News business columnist, joined Stateside to tell us what a tariff on imported vehicles might look like in the auto industry.

Listen above to hear what the effect of a tariff like this could be on a global level, what this could mean for ongoing NAFTA negotiations, and what role local politics are playing in this tariff idea.

(Subscribe to the Stateside podcast on iTunes, Google Play, or with this RSS link)

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