Transportation
Wedbush Sees No Winners With Trump’s ‘Armageddon’ Auto Tariffs
The tariff announcement and the 25% figure will continue to pressure carmakers and suppliers until more clarity is provided.
Photographer: Alessia Pierdomenico/BloombergTakeaways NEW
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There are no winners when it comes to President Donald Trump’s tariffs on car imports, according to Wedbush Securities Inc. analyst Daniel Ives, who described the levies as a “back breaker and Armageddon” for the automotive industry.