investigation into whether car imports pose a threat to national security the washington based alliance of automobile manufacturers has now calculated the cost for american consumers if a twenty five percent levy is slapped on all automotive imports as you can see now the price per car brewed would rise by almost six thousand dollars so you can see why car makers would be concerned the total cost to u.s. consumers with theoretically amount to around forty five billion dollars now the clock is ticking it's nine months to go until brags that and still not a deal or a whisper of a trade agreement inside the head of britain leaving the common market companies on both sides of the channel are worried asking the british government in brussels for more clarity without delay. two years after the original break said referendum anti-press at marches are still happening like this one a few days ago in central london tens of thousands came out to make their voices heard saying bracks it is not at all the done deal as a matter of fact it's far from any deal only some in britain want to gain independence from the e.u. when its

threat to national security is reasoning for the punitive judy's washington based alliance of automobile manufacturers has calculated the cost for american consumers if a twenty five percent levy is slapped on all automotive imports as you can see the price or as you'll be able to see in a moment the price per car built abroad would rise by almost six thousand dollars you can see why automakers a very concerned about this one the total annual cost to u.s. consumers would theoretically amount of forty five billion dollars let's go over to our financial correspondent corp who's following this story for us trump continuing to threaten qatar's let's find out how that's affecting markets daniel what's the mood there. well the mood right now ben is that everybody is here excited about the football game that's going to have but besides that i can tell you. asking about but you know besides that i can tell you that investors here are very warry if at the end this is really going to hurt their car sales numbers we have to remember that germany is very much dependent on export in cars just last year they were s

billions of dollars every year as according to estimates from the washington based alliance of automobile manufacturers it calculates the navy's of up to twenty five percent would work out that an average five thousand eight hundred dollars more per vehicle e.u. e.u. or to make it a feed the terrorist will impact exports to the us they can import around one million vehicles a year washington has no such an investigation into whether those imports constitute a threat to national security. and our financial correspondent daniel corpus at the frankfurt stock exchange for us daniel chung continues to threaten car terrorists how much could they potentially hurt. well her head and i while investors and also german companies were not that worried earlier about those zealand tears this car share situation is making them more and more certain germany exports last year more than four million cars and a huge amount of those i went to the united states so this is going to hurt carmakers and you mention it also the customers that at the end will have to pay quite a lot of money more the question of course is going

billions of dollars every year that is according to estimates from the washington based alliance of automobile manufacturers it calculates that levies on of up to twenty five percent would work out at an average of five thousand eight hundred dollars more per vehicle e.u. automakers fear the latest tariffs will impact exports to the u.s. they currently importer around one million vehicles a year washington has launched an investigation into whether those imports constitute a threat to national security. india's economy is growing rapidly but it could be growing even faster if it weren't for the country's crumbling roads railways and utilities which are in dire need of investment now the government is calling on the asian infrastructure investment bank to stump up some of the cash. in delhi getting from a to b. can be quite a challenge heavy traffic and poor signposting are a headache for any commuter but for those in the delivery business subpar infrastructure takes an economic toll to. electricity access is also a major issue with millions of people in the country still without power. perhaps it's no surpr

billions of dollars every year according to estimates from the washington based an alliance of automobile manufacturers it calculates that levies of up to twenty five percent on imported calls who are counted as an average five thousand eight hundred dollars more per vehicle to make this fair the tariffs will impact the next moves to the u.s. they currently export around one million vehicles to the u.s. washington has no wants an investigation into whether those imports constitute a threat to national security. and our financial correspondent daniel copes with the frankfurt stock exchange for us daniel chong continuing to threaten those collar tariffs how much could they potentially hurt. yeah exactly well we have to remember that when those steel and elam in new terrorists where the german industry was warrior but now with cars they are i can tell you there will be more it much more germany it was exporting last year about four million cars a lot of those went to the united states i can tell you that car makers here in germany they are still waiting for a last minute rethinking off the u.s. president

into whether call imports pose a threat to national security the washington based alliance of automobile manufacturers is now count ph the cost for american consumers if a twenty five percent levy is slapped on overall automotive imports so as you can see the price per car built abroad would rise by almost six thousand dollars so you can see why i call makers a concern the total annual cost to us can do you miss could theoretically amount to around forty five billion dollars when our financial correspondent daniel cool breeze at the front foot stock exchange for us daniel chong continuing to threaten car tariffs how much could they potentially hurt and all those concerns playing out on the market that. well i have to tell you ahead another investors here really shaking their head when they're hearing that donald trump is thinking that all of this could be a threat to the national security of the united states but yes there are warry they know that don't trump has this big hate for european cars and also the car makers they won't forget his comments when he complained about too many european cars on th

in a letter to the commerce department the alliance of automobile manufactures says the average price of a new vehicle would go up $5,800 which amounts to a $45 billion tax on the u.s. auto industry. the alliance and then other auto industry groups both foreign and domestic have been loading with the administration for months now citing higher production costs, higher car prices, fewer tax receipts fewer jobs and so on. let's cut through the hypotheticals and get real deal information from the wall street journal auto reporter mike sector. do these numbers sound right to you? >> look, on both sides of this issue there's an element of scare tactics here, right? trump likes to scare people and to come to the negotiating table but on the other side with these automakers it's not a joke. this is not a joke. also look at the retaliation from china, mercedes, bmw, these companies have manufacturing plants, volkswagen has a big plant in tennessee. they employ thousands of americans and this could hike prices and daimler, the dershowitz man company that owns mercedes had a profit warning rece

back to trade, just worth noting interesting analysis from the alliance of automobile manufactures whichmber of foreign automakers said buyers of imported vehicles would face a nearly $6,000 price rise on this 25% tariff that has been proposed and an indication of how consumers will be potentially impacted volkswagon is up 2% today. carl, sending it back to you. >> thank you very much. >>> when we come back a lot more from morgan brennan live at a harley-davidson plant. morgan >> hey, carl that's right there is a lot more in terms of president trump versus harley-davidson and this great trade debate we got a tweet from president trump a few moments ago. more harley-davidson should stay 100% in america. with the people that got you your success i've done so much for you and then this. other companies are coming back when they -- where they belong we won't forget and neither will your customers or your now very happy competitors. we will have more on that. an interview wita key rmfoer executive of harley-davidson after this break that's the beat of global markets, the rhythm of the world.

the alliance of automobile manufacturers says that the tariff would essentially wipe out the tax cuts costing an additional $5,800 per car for an imported vehicle in the u.s. >>> some red flags on the u.s. economy! the commerce department said durable goods fell due to big decline in new car and truck orders since 2015. others areas saw declines in business investment down for the second straight month. >>> the stock market building upon yesterday's gains. let's check it. the dow is up by 90. nasdaq up 28. s&p up 10. another good day fournette flicks. it's up 3%. back to you. >> thank you. >>> some new research shows your car's infotainment system is taking too much attention away from the roads. according to aaa, distracted driving is responsible for about 390,000 injuries a year and about 3500 deaths in the u.s. >> i would recommend that the driver program those navigation systems before they start to drive. even though you can see the features while the vehicle is motion, you shouldn't do it and it's not safe. >> it's estimated that drivers who take their eyes off the road for more

the alliance of automobile manufacturers warning against new tariffs on imported cars the group whichvolkswagen and others plans to file with the commerce department later this week joining us now autonation ceo and chairman mike jackson. hi, mike >> michelle, how are you this morning? good to see you. >> good to see you i assume you do not like the tariffs on imported vehicles to the united states. >> first let me state, michelle, i'm in your camp for free trade and i'm for fair trade i congratulate the administration for taking on china. i prefer to see the administration forming alliances with our friends around the world in that challenge, but it seems to me like we're going to take on the whole world at the same time on trade so if i look at the president's performance in south carolina, it struck me as one of those fact-free riffs that just makes your head hurt so let's review the score card on the threat of tariffs on bmw while he's in south carolina so bmw produces more vehicles in the united states than it sells. let me repeat that bmw produces 400,000 vehicles in south carol

i ask for unanimous consent to enter into the record a letter from the alliance of automobile manufacturers, which explains the benefit of a development and deployment of autonomous vehicles and without objection, that will be submitted. as you discussed in your testimony, the wyoming department of transportation is participating in the u.s. department of transportation's study to assess the effectiveness of connected vehicle technologies under real- world conditions because that is what this is all about. how has this effort helped y. anticipated changes that can be needed so we can grit the greatest end of it from connected benefit from vehicles and implementation? >> for us, the participation with the d.o.t. and our partners on the project is really a benefit to us because our focus is on safety. and the idea that we have the ability to deploy technology in a variety of different environments, as you know, the pilot study is not just about the wyoming, but it is also inclusive of new york city and the new york area and also florida. and, in working in these kinds of deployments, in the k

giving us news on cars he just said that one of the groups, one of the auto groups, car alliance of automobile manufacturesitional, for american cars, should all these tariffs and everything happen, god, that seemke a bigber. you probably haven't read the study but jennerically, is this just the auto association trying to negotiate the negotiator? >> well, i think, again, as we've learned over the last year and a half, trump is a negotiator he throws something out. talks about it and expects some response from thside also, i think there has to be, again, pick up on phil's comment. a lot of the suvs sold by foreign manufacturers are actually manufactured in the united states to the u.s. market there should be some margin in terms of profit margin there so you know, when i look at that versus the high end sedans, there may be more price stick sticknestic stickiness in the high end sedans it's going to be difficult to raise prices significantly >> let's go to something i find interesting. we have our humphrey hawkins where we get these biannual testimonies on both sides of the aisle by our fed chairman. bank

automobiles would increase the cost of every vehicle sold in the u. now that echos a statement from the auto industry that we told you about sterday. the alliance of auto manufacturers which includes both americangn and for automakers says a trade war will lead to widespread jobnd cuts price spikes in show rooms. phil lebeau has more. >> reporter: ready for sticker shoc 25% tariffs on imported vehicles will lead to buyers paying a lot more. the average price will jump about $5,800 according to automakers. they warnl sales w plunge by up to 2 million vehicles, which could ultimately lead thedu instry to cut 195,000 jobs. >> this will unleash if c ites about a real trade war because the n abers just so much biggr:. >> reporteor the auto industry, tariffs could kill one of the longest, most successful periods it ever experienced. gm and fiat chrysler have gone from bankruptcy to record ofits and auto manufacturing jobs in the u.s. have rebounded to precession prices. president trump wants europe and china to lower tariffs on the models being shipped overseas for the 7 million cars and trucks being imported to the u.s. could be slapped with hefty tariffs. >> it'll raise