Reported about 18 hours ago
Moody's analysts project that U.S. automakers will face a staggering $30 billion decrease in operating profit due to tariffs, equating to over 20% of their profits from the previous year. While some trade agreements may provide clarity, ongoing negotiations, especially with Mexico and Canada, remain uncertain. Automakers are expected to respond by raising vehicle prices and reducing features to mitigate tariff impacts, but long-term solutions will require further investment and adjustments in production and supply chains.
Source: YAHOO