Learn English: Tariffs Cloud Outlook for Major European Automakers (hard)

1 week, 2 days ago

Tariffs Cloud Outlook for Major European Automakers

President Trump's tariffs on steel, aluminum, and cars have created significant uncertainty for European automakers.

Mercedes-Benz, Volkswagen, and Stellantis have suspended their financial forecasts due to this unpredictable economic climate.

The impact of these tariffs on customer demand and supply chains remains highly uncertain and challenging to predict.

This economic instability compounds existing challenges like sluggish demand and high inflation within the European automotive sector.

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Source

Original: NY Times (Business)

Tags

#Tariffs #Auto Industry #International Trade #Economic Uncertainty #Mercedes-Benz #Volkswagen

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