Page 26 - Auto Tariffs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A similar probe led to steel and aluminum tariffs earlier this year. it follows trump's promise to u.s. autoworkers. after decades of losing your jobs to other countries, you have waited long enough. the investigation will cover auto parts, cars, suvs, advance, light trucks. hitting asian automakers the hardest. it sparked a big selloff from honda, hyundai, toyota. mazda down 5%. it does not produce cars in the u.s. many foreign automakers do have plants here. however, they export parts and cars to the u.s. from asia, mexico, and canada. auto tariffs would be the next front for the white house...

This is an america first. that's how you follow that thread here. the investigation will cover auto parts as well, cars, suv, light trucks, any tariffs will hit asian automakers the hardest. the announcement sparked a big selloff, of course, in toyota, honda, hyundai, mazda, the biggest loser overnight. it does not produce cars in the u.s. many foreign automakers do. they have plants here. there are many foreign automakers that employee american workers to build cars to export. however, they also export parts and cars to the u.s. from asia, mexico and canada. it's truly a globalized supply cha...

Will have fewer vehicle choices and higher car and truck prices. joining us now to take a closer look at this is jason fuhrman, he served as chairman of president obama's, excuse me, council of economic advisors. thank you so much for being here with me, sir. i really appreciate it. >> thanks for having me. >> let's start with the question of these auto, auto tariffs because a lot of, a lot of foreign cars, foreign auto makers have plants here in the united states. how would putting tariffs on these automobiles potentially affect american workers? >> yeah, so, first of all, the justification w...

The recent remarks don't expect the delegation is going to come home with that much. maybe some concessions on trading in terms of autos, being able to sell cars over there. but generally speaking, i think people don't expect much. they expect it to be sort of a face-saving thing, where the u.s. can come back and say, see, we extracted this, but people who really know this stuff won't be too impressed. >> let's say if they do come home, they get concessions on autos from china, to you, ben, isn't that a win? >> that would be a win, that would be a good thing. i'm not saying this is all negativ...

To go. and i think they are waking up to the fact that that may not be the best way to go. from navarro down there has been a strong supporter of that. and i think he is wrong. >> neil: what if it works. what if they get the chinese to the table. concede something on auto tariffs or something like that? >> we have to face that at the time. i think the president has to be flexible and willing to move with the punches. if i have ever seen a president who is capable of doing that it's donald trump. hhe is an amazing man in many ways. he has been a very good president. people didn't think that he ...