Trump's tariffs could cost carmakers up to 17% of combined core profits, S&P says

Trump's tariffs could cost carmakers up to 17% of combined core profits, S&P says

European and American carmakers face a potential 17% loss in annual profits if the U.S. imposes import tariffs, according to S&P Global. Premium automakers like Volvo and Jaguar Land Rover, and groups like GM and Stellantis, are most at risk.

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