An Accident Waiting to Happen? The Estimated Impacts of Tariffs on Motor Vehicles and Parts (2018)

An Accident Waiting to Happen? The Estimated Impacts of Tariffs on Motor Vehicles and Parts (2018)

This policy brief examines the potential net impacts on U.S. jobs across all industries from the imposition of 25 percent tariffs on U.S. imports of motor vehicles and parts. We find that the tariffs would result in a net loss of 157,000 U.S. jobs, or about three jobs lost for every job gained in the motor vehicle and parts sector. Also, tariffs would add about $6,400 to the price of an imported $30,000 car.

 

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