Tariffs on EU imports could be 'devastating' for US autos: CEO

2:34 AM ET Wed, 15 May 2019

John Bozzella of Global Automakers says American auto import tariffs on the EU would result in a "tremendous" price increase for U.S. consumers that could cause sales to fall by up to four million cars and trucks. The duties would also be "cataclysmic" for supply chains and U.S. auto producers, he says.