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Trump will release the auto tariff report



A lawmakers are working to limit President Trump's tariff powers, he is scolding a new round, this time on cars and car parts. It is a terrible idea, but the tariffs must not be imposed without public justification.

The first step to raising taxes on America's preferred mode of transport came Sunday when the trading department sent its results to the White House about whether the protection of domestic car manufacturing qualifies as a national security interest.

It is commonly believed that the Trade Department report supports the use of tariffs, which would allow Trump 90 days to decide on the issue of new tariffs.

As with the steel and aluminum tariffs already in place, Trump could issue this new round without the approval of the congress. Thanks to a loophole written in section 232 of the Trade Expansion Act of 1

962, the president may impose tariffs as long as he justifies it with national security and ensures a recommendation from his own trade department.

Under this law, the president has no specific obligation to publish the results of the trading department, which would ultimately be used to justify the tariffs. But he should.

Tariffs on cars and car parts would have no small impact. In fact, a report from the Center for Automotive Research analyzing how much the tariffs will cost show that even at 10 percent, the rates on cars and car parts will increase the average price of vehicles purchased in the US by nearly $ 1,000. At 25 percent, the average cost for each vehicle will increase by $ 4,400. These increases are on top of already higher prices due to Trump's previous steel and aluminum charges.

With regard to the broader economy, the report estimates that GDP losses from 25 percent tariffs could be nearly $ 60 billion, and the estimated loss in employment could be over 700,000.

Car prices are taxes that will hurt people across the board from manufacturers, consumers to retailers. If we are asked to pay these higher taxes, we deserve to know on what grounds an imported BMW, Honda or even a seat belt is a national security threat. This means that Trump has to make the trade department report public.

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