Auto Tariff Could Add $5,800 to New Subaru Forester, Crosstrek, WRX/STI
According to a report by the Alliance of Automobile Manufacturers, a 25 percent tariff on auto imports by the Trump administration would increase the cost of every vehicle sold in the U.S. That means a Subaru Forester, Crosstrek and WRX/STI could cost $5,800 more than it costs now.
This week, the Alliance of Automobile Manufacturers said a 25 percent U.S. tariff on imported passenger vehicles, if imposed on national security grounds, would cost American consumers $45 Billion annually (based on 2017 auto sales), or $5,800 per vehicle.
Subaru produces the Forester, Crosstrek, WRX/STI and BRZ sports coupe at their Japan factory, while the Outback wagon, Legacy sedan, Impreza compact and the all-new Ascent 3-Row family hauler are built at their U.S. plant in Lafayette, Indiana. Toyota Motors says its Camry sedan, made in Georgetown, Kentucky, would face $1,800 per vehicle in increased costs.
The Alliance of Automobile Manufacturers, says it will file written comments this week with the U.S. Commerce Department. The group says consumers would also face higher costs of imported auto parts when buying vehicles from both U.S. and foreign automakers.
The report says the automotive research firm LMC Automotive projects a 25-percent tariff on imported vehicles would reduce U.S. auto sales by 1-2 million units annually, depending on how tariffs are passed on to consumers. This comes as Subaru gets ready to launch their all-new fifth-generation 2019 Forester this fall.
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