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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See all the products that will cost you more because of Trump’s trade war

July 1, 2018

AP Photo/Rogelio V. Solis Trump’s import taxes are meant to help US manufacturers by making foreign products more expensive, but this will hurt likely American consumers.  A new wave of tariffs targeting hundreds of Chinese industrial goods is set to take effect on July 6th. According to Labor Department estimates, the average cost of washing machines shot up by 17% in the past three months. Many other goods, such as the computer chips that power…

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