"I can’t just go to the shareholders and say, ‘You’re just going to have to accept my profit’s going to be $40 million less,’” said Gavin Hattersley, CEO of MillerCoors. “It doesn’t work that way.”
The projection by researcher LMC Automotive assumes automakers would absorb at least half the cost of a tax on imported vehicles.
The Commerce Department has been flooded with almost 19,000 requests so far to have products excluded from Trump’s steel and aluminum tariffs. Companies are resorting to unconventional means to persuade the administration that the duties will hurt...
Brian Smith, Hyundai Motor America’s chief operating officer, says the president is showing little regard for whether those automakers build vehicles in the U.S. and employ Americans.
Senate Majority Leader Mitch McConnell indicated he doesn’t want to bind the president, even as he has concerns about the impact of tariffs on his home state of Kentucky.
If the Trump administration really wants to address the deficit with China, start investing now.