HAPPENING NOW: Watch Chairman @senorrinhatch kick off a hearing on the effects of tariffs on the U.S. auto industry.http://go.usa.gov/xPD96
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Hatch: Steel and aluminum tariffs cause American manufacturers and farmers to pay more to conduct business and consumers to pay more to buy things.
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Hatch: The auto industry has been particularly hard hit by steel and aluminum tariffs.
@USAutoCouncil estimates that these tariffs will cause a $400 per car price increase.Show this thread -
Hatch: If the Commerce Department were to recommend a 25 percent tariff on cars, it would effectively raise the cost of an average imported car for an American family by as much as $6,400.
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End of conversation
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