New York (CNN) — Looming tariffs on imported cars could mean more than just higher prices for buyers and lower profits for automakers – it could also mean layoffs for American autoworkers.
President Donald Trump says his auto tariffs will remake the industry, shifting production of both cars and auto parts back to American plants. But experts say that will take years to accomplish, if it happens at all. In the meantime, it will take a toll on US car and auto parts production.
The auto supply chain is delicate and global. Even if only Mexican and Canadian assembly plants shut down due to lost access to the US market, that will affect US suppliers sending parts to those plants. And some US-built cars are destined for Canada and Mexico. All that could see automakers and parts suppliers trimming production – and less output means fewer US jobs.
“The automakers are in a serious …