Reported about 7 hours ago
Donald Trump's potential imposition of tariffs on imports from Mexico could significantly affect European car manufacturers, particularly Volkswagen and Stellantis, more than any direct tariffs on EU goods. This move raises concerns for automakers reliant on Mexican production due to lower labor costs and proximity to the U.S. market, potentially leading to increased production in the U.S. Analysts estimate that any additional duties could severely impact profits and competitiveness, with many companies facing challenges amidst a downturn in demand and rising costs within the industry.
Source: YAHOO