Carmakers in the U.S. and Europe could lose up to 17 percent of their combined annual core profits in a worst-case scenario if the U.S. imposes steep tariffs on Europe and the key U.S. allies of Mexico and Canada, a report from S&P Global released Friday showed.
President-elect Trump has threatened to impose 25 percent tariffs on all goods from Canada and Mexico, and increase tariffs on China.
Oh Boy higher prices
Trump Tariff will Kill the Economy
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Food, gas and cars could quickly get pricier under Trump’s tariff plan
Americans are finally starting to get relief from inflation, but that reprieve may be short-lived if imports from Mexico and Canada come under fire.
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You're an odd person who thinks Canada is doing good to very good under Trudeau and that the world's richest businessman (Elon) isn't very good at business. Carry on.Leave a comment:
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