Podcast: Howes on autos, Trump
Detroit News Columnist Daniel Howes and Michigan Radio are partners in weekly essays examining what's hot in Michigan business and politics – and what it all means. This week, Howes says President Donald Trump’s proposed 25-percent tariffs on imported autos are answering a question the auto industry is not asking. The moves could cost consumers an average of $5,800 more per vehicle and could imperil nearly 200,000 American jobs within three years of the tariffs going into effect. Assuming trading partners would retaliate, the number of lost jobs could swell to 624,000. How that benefits the industrial heartland or the president’s political fortunes there remains to be seen.