steel and aluminum tariffs are bad for car enthusiasts
Over that last few of weeks there has been a smattering if commentary surrounding the President’s tariffs against steel and aluminum imports into the United States.
Unfortunately for us, these tariffs aren’t the only questionable or confusing thing we’ve heard on the news (this has been popping up in between the coverage of families being separated at the border and the protests that followed and the confusing summit in Helsinki). It just happens to be one of the items that is likely to get lost in the rest of news being generated on a daily basis.
From what I can understand, the goal of the tariffs are to help American companies and push a growth of purchases of American goods. The problem with the tariffs is that they are going to hurt businesses that relay on imports of steel and aluminum, which will be passed on to workers and customers.
This is particularly bad news to the auto industry since automakers rely—quite heavily—on steel and aluminum.
Some of the industry opposition to these tariffs is as follows:
- Harley-Davison announced that it is moving production of European-sold motorcycles to Europe (for motorcycles being sold in the European market)
- Polaris is considering moving a portion of production to Europe
- Toyota warns that the average price of its American-made Camry will increase by $1,800
- BMW considers a massive reduction in its production numbers at its South Carolina plant
- GM warns of large numbers of jobs being lost due to tariffs
There are more companies that are forecasting bad news due to these tariffs, but listing them all out might take all day.
What does this mean for car enthusiasts? This is going to make everything car-related will be more expensive. All of your parts, even those made in the US will cost more, cars are going to be more expensive across the board, and production of cars and parts may be reduced, making them even more expensive (because we don’t already spend enough on car parts).
What can we do?
Well, not much practical—when Trump using executive orders, nobody has much control, at least not at that moment.
What we can do is put pressure on our elected officials to fight against the tariffs as well as collectively show our displeasure at the consequences of these tariffs—the ones that Trump has seemed to actively ignore.
I’ll get off my soapbox now.