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Matthew Mitchell, PhD, Speaks on the Impact of Automotive Tariffs on Iowa Consumers

April 2, 2025
KCCI Des Moines recently spoke with Bâton Global's Matthew Mitchell, PhD, regarding the impacts of automative tariffs on Iowa dealers and consumers.

The tariffs, which aim to prioritize U.S. manufacturing, could add thousands of dollars to the price of an average vehicle. Mitchell explained the broader implications with KCCI. "Yes, it's a tariff, it's tax on foreign companies, but it's felt by domestic consumers," Mitchell said. He noted that the policy's long-term intent is to "put America first, to privilege U.S. manufacturing, and to bring some of that manufacturing back to the United States."

The impact of the tariffs extends beyond foreign automakers. Domestic manufacturers like Ford, Chrysler, and GM also import parts from abroad, some of which could be subject to the 25% tariff. However, vehicles produced under the United States-Mexico-Canada Agreement will receive special considerations, according to the White House.

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