Tariffs could hurt GM and Ford's profits. GM's stock dropped sharply as it appeared that tariffs would hit its bottom line.
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The report warned that premium auto companies could face the highest costs, including companies like Volvo and Jaguar, and ...
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A general tariff increase on automotive imports of 2.5% would reduce U.S. margins by approximately 40 basis points. If tariffs were doubled from 2.5% to 5%, this would add an additional burden of ...