LAS VEGAS/WASHINGTON -- The 25% tariffs on steel and aluminum products imposed Wednesday by U.S. President Donald Trump's administration are expected to put upward pressure on prices for roughly $150 billion in imports, weighing on profits at American automakers and other companies.
Trade war
U.S. steel, aluminum tariffs pile pressure on $150bn market
Ford, GM and Subaru risk lower profits if import prices rise
A 10% increase in steel and aluminum prices could dent the fiscal 2025 operating profit for General Motors by 2.6%, an analysis from Nomura Securities shows. © Reuters
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