German Carmakers Could Face Huge Profit Hit If Trump Imposes 25% Tariff

If President Trump imposes a 25% tariff on auto imports, European carmakers like BMW, Mercedes, and Volkswagen’s Audi and Porsche would lose about 90% of their high profit margin sales of imported luxury vehicles

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German Carmakers Could Face Huge Profit Hit If Trump Imposes 25% TariffIf President Trump imposes a 25% tariff on auto imports, European carmakers like BMW, Mercedes, and Volkswagen’s Audi and Porsche would lose about 90% of their high profit margin sales of imported luxury vehicles, according to a report from UBS.
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