Trump tariffs will only add to the pain for hard-hit Nissan

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Trump tariffs will only add to the pain for hard-hit Nissan

^{Published on 2025-02-04 08:21:32 - Reuters}

One of the biggest casualties of Donald Trump's potential tariffs on Mexico and Canada is likely to be the Japanese automaker that can least afford the pain: Nissan .

The article from Reuters discusses the potential impact of former U.S. President Donald Trump's proposed tariffs on the automotive industry, specifically focusing on Nissan Motor Co. If Trump were to win the 2024 presidential election and implement a 10% across-the-board tariff on imports, it would significantly affect Nissan, which has been struggling with declining sales and profitability in the U.S. market. The tariffs could exacerbate Nissan's challenges by increasing the cost of imported vehicles and parts, potentially leading to higher prices for consumers, reduced sales, and further financial strain on the company. The article highlights that Nissan, already facing a tough market environment, might find these tariffs particularly painful as they could hinder its recovery efforts and competitive positioning in the U.S. amidst a backdrop of global economic pressures and shifts towards electric vehicles.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/trump-tariffs-will-only-add-pain-hard-hit-nissan-2025-02-04/ ]

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