TYSONS, Va. (May 25, 2018)—National Automobile Dealers Association (NADA) President and CEO Peter Welch released the following statement in response to the U.S. Department of Commerce’s announcement that it was initiating a “Section 232” investigation into tariffs on automobile imports:

“A tariff on imported vehicles and auto parts equates to a consumer tax, and we are concerned that such a tax would mean higher prices and fewer choices for our customers. NADA will always be on the side of maintaining affordability for our customers, and we will continue to work with the Trump Administration and Congress to advocate for policies, including trade policies, that enable our customers to purchase the new cars and trucks they need and want at prices they can afford.”