SA: German auto big winner from tariff relief

© Khunaspix Dreamstime.

Seeking Alpha writes: “Height Capital Markets is keeping a close watch on the tariff news impacting the automobile industry, waiting in particular for confirmation from Beijing on the cut of the 40% tariff on U.S. imports (it was 25% in July). The firm sees the Trump auto tariff claim giving the biggest benefit to Mercedes-Benz and BMW due to the sizable level of SUV shipments to China from the U.S., while Ford and General Motors have a smaller benefit because they already produce locally in China through joint ventures. Tesla is also a beneficiary since its China plant is seen as being at least two years away.”