Metals tariff rocks auto industry, and Trump smiles on bribes in foreign deals
While yesterday’s announcement of 25% tariffs on steel and aluminium imports to the US took ...
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Auto makers are having to pare back production, just as the market is getting back to strength, thanks to a global shortage of semiconductors.
Most major brands have been forced to make cutbacks: Honda’s domestic output is down by 4,000 vehicles; and Nissan has slashed production of its Note by 5,000.
In Germany, Volkswagen and Daimler have reported ship shortages that are forcing them to adjust production, with VW announcing production cuts in Asia, Europe and North America.
In North America, Ford is ...
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