Trump’s tariffs could cost automakers as much as 17 percent of their combined profits, S&P says.
(Reuters) – European and American carmakers are expected to lose 17 percent of their combined annual profits if the U.S. imposes tariffs on Europe, Mexico and Canada, S&P Global said in a report on Friday, warning of a credit crunch. Luxury carmakers Volvo and Jaguar Land Rover, which manufacture mainly in Europe, and groups General … Read more