Tariffs on the auto industry could cost many Georgians their jobs.
The long-term effects of the tariffs are still unknown, but the uncertainty leaves many with concerns. Congressman Drew Ferguson explained to News 3 the importance of the auto industry on Georgia thanks to investments of “$2.9 billion in Georgia, creating over 69,000 jobs and providing over $4.1 billion in compensation.”
Much of those numbers are attributed to the KIA manufacturing plant in West Point, Georgia. The South Korean company builds vehicles at the Georgia location but also imports cars to Georgia. Tariffs on aluminum and steel are raising the cost to build cars while tariffs on imported vehicles raise the price to buy cars.
Those added costs, could mean the loss of jobs for Georgians.
Ferguson and other members of U.S. Congress and Senate explained the impact tariffs could have on the Georgia economy in a letter to Secretary Wilbur Ross.