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Tariff uncertainty could hurt auto industry more than plant closures in 2019

Tariff uncertainty could hurt auto industry more than plant closures in 2019

February 18, 2019

Via: USA TODAY

An auto industry that many experts think already is overdue for a slowdown just got a major dose of uncertainty that could reduce investment in new technologies and vehicles.

The Trump administration dealt automakers a wild card by reportedly deciding not to reveal the Commerce Department’s recommendations on whether to apply new tariffs on imported vehicles and components.

Uncertainty is Kryptonite to the auto industry, which routinely invests tens of billions of dollars in projects that can take a decade or more to pay off.

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