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Why Hitting the Gas on Car Tariffs Could Stall Everyone

Aug 13, 2018 | 08:00 GMT
Cars sit on an assembly line.

If the United States provides no exemptions when imposing a 25 percent tariff on auto sector imports, it could cost over a million U.S. jobs and even plunge the country into a recession, especially amid China's retaliation against previous U.S. tariffs.

(NATALIYA HORA/Shutterstock)

Earlier this year, Washington imposed tariffs on steel and aluminum, provoking retaliation. Now, the U.S. is mulling 25 percent tariffs on cars, and the stakes couldn't be higher....

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