The US automotive group, which also includes General Motors, Volkswagen and Toyota Motor, intends to inform the US Department of Commerce that the introduction of 25 percent tariffs on imported cars and parts will increase the price of cars in the US by 83 billion dollars a year, and will also lead to the loss of hundreds of thousands of jobs, Reuters reports. The statement said: “Higher tariffs on cars will damage American families and workers along with the economy, they will raise the price of an imported car by almost $6,000 and the price of an American car by $2,000.”
https://www.reuters.com/article/us-global-markets/asia-stocks-rebound-fed-pits-endless-qe-against-economic-reality-idUSKBN21A3ZN?il=0
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