Automotive and Transportation
Source: (remove) : Fortune
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Automotive and Transportation
Source: (remove) : Fortune
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Trump tariffs could prove nearly as harmful to U.S. auto market as Lehman collapse and COVID outbreak, warn S&P forecasters


Published on 2025-04-15 21:21:57 - Fortune
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  • In "one of the largest single-month changes" it has ever made to its forecast, S&P Global Mobility wiped off 700,000 cars from its annual U.S. sales estimate

The article from Fortune, published on April 15, 2025, discusses the potential negative impacts of former President Donald Trump's proposed tariffs on the auto market, drawing comparisons to significant economic disruptions like the Lehman Brothers collapse and the COVID-19 outbreak. Forecasters warn that these tariffs could lead to a sharp increase in vehicle prices, disrupt global supply chains, and cause a significant downturn in the automotive industry. The article highlights concerns from industry experts and economists who fear that the tariffs could trigger a broader economic slowdown, similar to past crises, if implemented.

Read the Full Fortune Article at:
[ https://fortune.com/2025/04/15/trump-tariffs-harmful-auto-market-lehman-collapse-covid-outbreak-warns-forecasters/ ]