Alexandria, Va. – American International Automobile Dealers Association President and CEO Cody Lusk today released the following statement in response to the Trump Administration’s announcement that it will impose 25 percent tariffs on goods imported from Canada and Mexico beginning on Tuesday, February 4.
“Trade between the U.S., Canada, and Mexico is crucial to America’s international nameplate auto retailers. AIADA’s more than 9,400 members are counting on representatives of all three countries to come to the table and negotiate a solution that makes sense for our economies and our people. At risk are the jobs of the more than 560,000 Americans employed by international brand dealers in the United States, their $48 billion payroll, and the $71 billion they sell annually in parts and services. Twenty-five percent tariffs will also hit consumers where it hurts, hiking prices by thousands of dollars on the average vehicle sales price. Simply put, our industry is foundational to the American economy and worthy of speedy and sensible negotiations. We look forward to the establishment of new agreements that work for all Americans and drive our economy forward.”
For more about AIADA and its members’ economic impact, visit www.AIADA.org/report.
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