The Driving American Jobs Coalition, a group representing many facets of the US auto industry, has formed a new coalition to oppose potential new tariffs on imported automobiles and motor vehicle parts.

The coalition—involving eight major auto industry trade groups—plans to inform policymakers and stakeholders about the negative effects of imposing new auto tariffs, including massive job losses and significant consumer price increases for virtually all motor vehicles and parts regardless of their national origin.

Higher auto tariffs also will result in reduced capital for investments in innovation and less competition in promoting cutting-edge automotive technologies developed here at home, according to the Motor & Equipment Manufacturers Association, one of the coalition’s members.

At a time of unprecedented growth, new tariffs on imported vehicles and parts represent a significant threat to our economy and the job growth that has occurred since President Trump took office, the coalition said.