Two Michigan business organizations, the Detroit Regional Chamber and MichAuto, have urged President Trump to refrain from implementing a proposed 25% tariff on imported vehicles. They caution that these tariffs would result in increased costs, disrupting supply chains and significantly raising vehicle prices for consumers. The automotive sector is pivotal to Michigan's economy, contributing approximately $300 billion annually and employing a large portion of the workforce. Increased vehicle prices may also cause consumers to retain older vehicles longer, thus impacting used car prices and disproportionately affecting working-class families.
The increased costs would cause significant disruption throughout the supply chain and, perhaps most importantly, lead to significant price increases to the cost to American consumers for vehicles.
In Michigan, where one in five jobs is automotive-related, the pain felt by working-class citizens will be profound.
The tariff policies proposed will increase prices, drive down consumer demand, and therefore, lower the profitability of our companies, directly impacting the hardworking Americans who assemble the iconic vehicles.
These increased vehicle costs will be disproportionately borne by working-class and middle-class families.
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