How might global tariffs affect IndyCar teams?
1 Articles
1 Articles
How might global tariffs affect IndyCar teams?
Penske Entertainment and the small business owners whose teams compete in its IndyCar Series are keeping an eye on new import tariffs created by President Donald J. Trump that went into effect last week. The interest stems from the spec car used by IndyCar, which is made almost entirely outside of the United States. With a 10 percent baseline tariff implemented for all imported items, plus larger nation-specific tariffs in place, costs are expe…
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