Auto parts represent a significant portion of the $200 billion worth of Chinese goods Trump slapped tariffs on.
The automotive industry now has one of the most sophisticated and complicated supply chains on earth. Shipping container costs have doubled, with semi-finished goods, components and raw materials all crisscrossing the globe for production, assembly and distribution.
Higher costs mean consumers will be more likely to defer maintenance. Lower demand will impact auto supply stores, mechanics, distribution centers, logistics providers, the entire gamut of downstream providers
Read the article at American Journal of Transportation (AJOT).