Tag: to

Size of global automotive industryGo to Good results Stories We know automotive, reside and breathe it each and every day. The US auto industry is a major player in the country’s economy, with automakers and their suppliers presently accountable for three% of America’s GDP. No other manufacturing sector generates as many American jobs, suggesting a period of contraction could have dire consequences for the US economy in the lengthy-term. The Donald Trump administration has talked for some time of growing tariffs to boost the domestic auto marketplace and place shoppers off investing in imported vehicles – however the probably effect of tariffs would see the domestic marketplace stung by inflated costs for components and maintenance, costing companies among $21.6 billion and $23.eight billion, which in turn would enhance costs for customers who would invest significantly less, which means businesses would see reduce profit margins which they would most likely aim …