Automakers Warn U.S. Tariffs Will Cost Hundreds Of Thousands Of Jobs, Hike Prices
Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving cars. A coalition representing major foreign automakers including Toyota Motor Corp, Volkswagen AG (VOWG_p.DE), BMW AG, and Hyundai Motor Co, said the tariffs would harm automakers and U.S. consumers. The administration in May launched
In 2016 TIME ranked the automakers selling cars in the US by the share of domestic production.
This list below shows there is not a clear divide between US and foreign carmakers. 12 out of the 22 carmakers with plants in the US were foreign brands. 61% of the Toyotas sold in the US were made in the US but only 33% of the Chryslers. The Kia Sorento is made in the US and the Jeep Renegade is made in Italy.
Rank
Brand
% Made in US
US Made
