💨 Abstract
trade war uncertainty due to tariffs has led Stellantis, Mercedes-Benz, and Volkswagen to withdraw their profit guidance. Trump's tariffs on imported autos are expected to increase U.S. car prices, reduce demand, and strain the automobile industry's transition to electric vehicles. Mercedes executives refer to Trump's tariff policy as a "dynamic market environment" and warn of profit margin erosion if U.S.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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