Mercedes CFO warns of major losses in car industry nightmare
The luxury automaker sounded the alarm on potentially expensive conditions.
Earlier this month, President Trump and the leaders of neighboring Mexico and Canada negotiated a deal to position a one-month dwell on 25% tariffs on items originating from its inferior-border neighbors—save for a 10% carveout for Canadian oil.
The penalties would maintain translated into higher sticky label costs for new automobile traders, as many US-market items, including pickup trucks made by Detroit's Big Three to household autos made by Japan's Honda (HMC) and Toyota (TM) reach from factories within the Great White North, and over the border in Mexico.
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