Trump’s burgeoning trade war with China is already affecting car manufacturers in the US

July 10, 2018

Mercedes-Benz Daimler, the parent company of Mercedes-Benz, said profit would fall in 2018 as new import tariffs on cars exported from the United States to China. The company said the tariffs would hurt sales of high-margin Mercedes-Benz sports utility vehicles. Daimler’s revised forecast comes as U.S. President Donald Trump is proposing to impose tariffs on imported vehicles on grounds that trade imbalances on many products threaten U.S. national security. He is separately…

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