Alexandria, VA - The American International Automobile Dealers Association (AIADA), has released a statement in response to today's proclamation by President Trump labeling imported vehicles and parts a threat to national security and issuing a 180-day window for addressing these threats with U.S. trading partners:
"The truth stands: imported autos and auto parts are simply not a national security threat," said AIADA President and CEO Cody Lusk. "Using this spurious claim as justification to force our trading partners into new negotiations will only create more uncertainty for America's entire auto industry, including our country's 9,600 international nameplate dealers and the 578,000 Americans they employ.
"If President Trump follows through on his threat to place 25 percent tariffs on imported autos and auto parts, he will be directly responsible for a drastic tax increase on American consumers, which could result in a loss of 2 million vehicle sales and jeopardize up to 700,000 American jobs."
