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More Automakers Drop Earnings Guidance Over Tariffs

Tariffs
International Business Times Fews App News Provider
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US President Donald Trump moved Tuesday to soften the blow from the 25-percent tariffs that he imposed on car imports earlier this month AFP Germany's Mercedes-Benz and US-European group Stellantis, whose brands include Jeep, Peugeot and Fiat, joined other automakers Wednesday in suspending their annual financial guidance because of uncertainty over US tariffs. The announcements came even as US President Donald Trump moved Tuesday to soften the blow from the 25-percent tariffs that he imposed on car imports earlier this month. "Stellantis appreciates the tariff relief measures decided by President Trump," its board chairman John Elkann said in a statement.

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