America China Donald Trump Economy electric vehicle Factory Import Japan Manufacturing military National Security Retail Robotics Supply Chain Tariff Tesla
President Trump has created what could be called a Luddite trap for the American auto industry: His tariffs aim to protect it from foreign competition, while his domestic policies threaten to cut it off from innovation. Together, they risk leaving U.S. automakers isolated and incapable of competing on their own merits as foreign companies bolt ahead. The damage to our economy and national security could be profound. For over a century, the auto industry has been a cornerstone of America's industrial power: It revolutionized manufacturing with the assembly line, forged stronger forms of steel, aluminum and carbon fiber and drove…
News Timeline:
Track the development of this news story across the Internet.