Learn English: Trump's Tariffs Hit European Carmakers Hard (normal)

1 week, 2 days ago

Trump's Tariffs Hit European Carmakers Hard

President Trump's tariffs on imported goods caused major disruptions for European car companies like Mercedes and Volkswagen.

These tariffs created huge uncertainty, making it impossible to predict future sales and financial performance.

Companies like Stellantis and Mercedes-Benz had to stop making predictions about their profits for the year.

The combination of tariffs, slow sales, and high inflation creates a really tough economic situation for these automakers.

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Source

Original: NY Times (Business)

Tags

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

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