Auto Parts Manufacturers Are Hurt By Tariffs, Rising Metal Prices
Added 06-13-18 08:06:01am EST - “The Trump administration says its tariffs on steel and aluminum are about protecting American industries and jobs. The auto parts industry is feeling the pinch of tariffs and metal prices.” - Npr.org
America's auto industry is bracing for a potential escalation in President Donald Trump's tariff war with the world, one that could weaken the global auto industry and economy, inflate car prices and trigger a backlash in Congress.
A Chinese state-run newspaper claimed in an editorial that the U.S. faces greater pressure to resolve its trade differences with China because failed negotiations would likely have negative consequence on stocks.