Trump tariffs: car makers struggle to mitigate loss of billions in

Trump tariffs: car makers struggle to mitigate loss of billions in

For many, the imposition of a 25% US import charge spells crisis. But for some, it's a major opportunity Car makers with exposure to the giant US car market are scrabbling for solutions to mitigate the predicated loss of billions in profits as a result of the sudden and highly punitive tariffs imposed by president Donald Trump. General Motors said it had “pulled out the Covid playbook” in a bid to reduce costs after predicting that it will take …