Trump’s Auto Tariffs Could Crush Demand, Blow $26 Billion Hole In Industry Profits – General Motors (NYSE:GM), BYD (OTC:BYDDY)
The 25% tariff on imported cars and parts could wipe out up to 3 million vehicle sales, slash automaker profits in half and throw the U.S. auto supply chain into chaos as manufacturers scramble to reconfigure operations in a high-stakes race against time, according to Bank of America. In a note shared Wednesday, research analyst…