Trump said he would delay an increase in tariffs on Chinese goods, citing progress on issues like intellectual property and technology transfer
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German Carmakers Could Face Huge Profit Hit If Trump Imposes 25% TariffIf President Trump imposes a 25% tariff on auto imports, European carmakers like BMW, Mercedes, and Volkswagen’s Audi and Porsche would lose about 90% of their high profit margin sales of imported luxury vehicles, according to a report from UBS.
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Business investment dries up after Trump tariff tiff with China, global woes, shutdownPresident Trump giveth and President Trump taketh away: Business investment soared in 2017 in anticipation of the biggest corporate tax cuts in 31 years, but companies have hit the brakes since the White House stepped up its attack on Chinese trade practices.
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German Carmakers Could Face Huge Profit Hit If Trump Imposes 25% TariffIf President Trump imposes a 25% tariff on auto imports, European carmakers like BMW, Mercedes, and Volkswagen’s Audi and Porsche would lose about 90% of their high profit margin sales of imported luxury vehicles, according to a report from UBS.
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