The U.S. auto industry is a significant part of the country’s economy, employing 10.1 million people and generating a $1.2 trillion annual impact, which accounts for 4.8 percent of the U.S.’s Gross Domestic Product (GDP), according to the Alliance for Automotive Innovation.
The Trump administration has put an emphasis on American jobs linked to the industry, penalizing manufacturers that build their products from parts sourced globally by instating tariffs.
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