Wed, December 11, 2024
[ Wed, Dec 11th 2024 ] - MSN
The Best Socket Sets for Tested
Tue, December 10, 2024
[ Tue, Dec 10th 2024 ] - Slate
Giant Cars Are Going Global
[ Tue, Dec 10th 2024 ] - MSN
The Best Car Anti-theft Devices of 2024
Mon, December 9, 2024
[ Mon, Dec 09th 2024 ] - Politico
Sean Duffy's week on the Hill
Sun, December 8, 2024
Sat, December 7, 2024
[ Sat, Dec 07th 2024 ] - The New York Times
Climate and Environment
Fri, December 6, 2024
[ Fri, Dec 06th 2024 ] - Automotive News
Stay Informed, Stay Ahead
[ Fri, Dec 06th 2024 ] - Market
Automotive systems and accessories
Thu, December 5, 2024
[ Thu, Dec 05th 2024 ] - jdpower
Car Ratings from Drivers Like You
[ Thu, Dec 05th 2024 ] - Yardbarker
Los Angeles Lakers News
[ Thu, Dec 05th 2024 ] - HELLO! Magazine
Prince Harry & Meghan
[ Thu, Dec 05th 2024 ] - Aaron Neefham
Artificial Intelligence
Wed, December 4, 2024
Tue, December 3, 2024
Mon, December 2, 2024
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Electric and Hybrid Vehicles
Sun, December 1, 2024
Sat, November 30, 2024
Fri, November 29, 2024
[ Fri, Nov 29th 2024 ] - Aaron Neefham
Automotive News
[ Fri, Nov 29th 2024 ] - Aaron Neefham
Top News Stories
Thu, November 28, 2024
Wed, November 27, 2024
[ Wed, Nov 27th 2024 ] - Aaron Neefham
South Florida News
[ Wed, Nov 27th 2024 ] - Aaron Neefham
Cond Nast Traveler
Tue, November 26, 2024
[ Tue, Nov 26th 2024 ] - Aaron Neefham
TechCrunch Newsletters
[ Tue, Nov 26th 2024 ] - Aaron Neefham
HARROW NEWS
[ Tue, Nov 26th 2024 ] - Aaron Neefham
Watch Sky Sports News
Mon, November 25, 2024
Sun, November 24, 2024
[ Sun, Nov 24th 2024 ] - Aaron Neefham
2024 Presidential Election
Fri, November 22, 2024
Mon, June 14, 2010
Thu, April 2, 2009
Wed, December 17, 2008

Auto industry may lose 17 percent of profits due to Trump's tariff plan: Report


//automotive-transportation.news-articles.net/co .. f-profits-due-to-trump-s-tariff-plan-report.html
Published in Automotive and Transportation on Friday, November 29th 2024 at 15:01 GMT by Aaron Neefham   Print publication without navigation

  • 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 two key U.S. allies,

Donald Trump's proposal to impose a 10 percent tariff on all imports and a 60 percent tariff on Chinese goods has raised concerns within the U.S. auto industry about potential profit declines. Industry leaders and experts argue that these tariffs could lead to higher costs for consumers, disrupt supply chains, and provoke retaliatory measures from trading partners, particularly China. The auto sector, which relies heavily on global supply chains, fears that such tariffs would not only increase the price of vehicles but also reduce competitiveness in international markets. Additionally, there's apprehension about the impact on electric vehicle (EV) production, where reliance on imported materials like lithium and cobalt could make EVs significantly more expensive. Critics of the tariff plan suggest that it might lead to job losses rather than gains, as the increased costs could dampen demand for new vehicles.

Read the Full The Hill Article at [ https://thehill.com/business/5015145-trump-tariff-plan-auto-industry-profits/ ]

Publication Contributing Sources