Trump is putting a 25% tariff on vehicle imports. How hard will those hit Northeast Ohio?
cleveland.com: Jonathan Ernest, assistant professor of economics at Weatherhead School of Management, explained how President Trump's 25% auto tariffs aim to boost U.S. manufacturing, but they are unlikely to create many new jobs in Cleveland. “While this could benefit some domestic manufacturers, it could also drive up costs for companies reliant on foreign-sourced components,” Ernest warned, adding that consumers will likely bear the brunt through higher vehicle prices.
