In response to the recent proposed 25 percent auto tariffs on imports in the name of national security, LIBRE Initiative President Daniel Garza released a lengthy statement highlighting his concern for domestic manufacturers and consumers paying the ultimate price if imposed.
“Tariffs are taxes that hurt consumers. Tariffs on imported cars will increase the cost of those autos, but that would be followed by domestic manufacturers increasing their prices as well – a process we recently saw happen after tariffs were imposed on imported washing machines.”
“These tariffs could also hurt domestic car makers by increasing the costs of parts they use in manufacturing. In the end, families will not be able to avoid paying higher prices for these products, and many people will feel the impact of higher costs.”
“Tariffs like these hurt consumers, and they hurt our economy. We encourage the White House to work to eliminate all tariffs, across the board. Imposing these new taxes now would only hurt the economy and hurt Americans.”
The LIBRE Initiative, established in 2011, is a Texas-based non-partisan, non-profit grassroots organization with a vision to support and educate the Hispanic community with tools for success.
Source: LIBRE Initiative