Trump Auto Tariffs Threaten Japanese Carmaker Profits ...Middle East

OILPRICE - Economy
Trump Auto Tariffs Threaten Japanese Carmaker Profits
source : OILPRICE ( Middle East ) () 54
As the fallout from Trump’s tariff plans comes into relief, a harsh truth is emerging for the automotive industry: there are lots of losers and not many winners. But foreign automakers, those without US facilities, will be hit especially hard.  As Bloomberg notes, from South Korea’s Hyundai to Germany’s Volkswagen, and to a lesser extent America’s own General Motors, many of the world’s most prominent carmakers will soon face higher costs from Trump’s new levies on auto imports and key components. That's…

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