Porsche, Mercedes face $3.7 billion hit from Trump tariffs

President Donald Trump commenced his “Road to Liberation Day” plans by imposing a 25% tariff on imported cars and auto parts, which could significantly impact major European automakers Porsche AG and Mercedes-Benz Group AG. The car manufacturers are expected to bear the brunt of the decision, facing an estimated €3. 4 billion ($3. 7 billion) in potential […] source: https://www.cryptopolitan.com/porsche-mercedes-face-3-7b-hit-trump-tariffs/