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US automakers to Trump: Don't slap tariffs on imported cars
Industry braces for escalation in trade war with world
Toyota sedans are displayed in a showroom at Puente Hills Toyota Thursday, Feb. 14, 2019, in Industry, Calif. If 25 percent tariffs are fully assessed against imported parts and vehicles, and they include Canada and Mexico, the price of imported vehicles would rise more than 17 percent, or around $5,000 each, according to forecasts from IHS Markit. “I think it would be harmful to the whole economy,” said Howard Hakes, president of Hitchcock Automotive. - photo by Associated Press
DETROIT — America's auto industry is bracing for a potential escalation in President Donald Trump's tariff war with the world, one that could weaken the global auto industry and economy, inflate car prices and trigger a backlash in Congress.
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