Alexandria, Va. – American International Automobile Dealers Association President and CEO Cody Lusk today released the following statement in response to the Trump Administration’s implementation of 25 percent tariffs on goods imported from Canada and Mexico, as well as an additional 10 percent tariff on China, beginning on Tuesday March 4th.
“For auto dealers and their customers, already reeling from rising vehicle and parts prices, as well as high interest rates and insurance costs, these new tariffs pose an additional and unwelcome challenge to affordability. Tariffs can play an important role in balancing trade relationships and ensuring national security, but increasing barriers to trade also puts added pressure on the wallets of American families. In this case, tariffs could directly contribute to thousands of extra dollars on sticker prices. AIADA’s 9,400 members, seeking to protect their customers and their 560,000 American employees, urge our leaders and our trading partners to come together to negotiate a swift and practical end to these tariffs.”
For more about AIADA and its members’ economic impact, visit www.AIADA.org/report.
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Libby Newman
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