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Article Summary
  • President Trump's tariff plan could potentially hurt the profits of the auto industry
  • The plan involves imposing tariffs on European and Japanese cars and parts
  • The auto industry is already struggling due to the COVID-19 pandemic
  • Automakers are urging the Trump administration to reconsider the tariffs
  • The impact of the tariffs on the auto industry's profits and competitiveness is uncertain Tone: Concerned and critical of President Trump's tariff plan and its potential negative effects on the auto industry
Check out the full article here.
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United States of America
  The Hill     2 hours ago
Auto Industry May Lose 17 Percent Of Profits Due To Trumps Tariff Plan: Report
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, Mexico and Canada, a report from S&P Global released Friday showed. The report comes as President-elect Trump has threatened to...
https://thehill.com/business/5015145-trump-tariff-...
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