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DirectMoody's warned that the US plan to impose tariffs on imports of cars and parts would cause a slowdown in global economic growth.
Tariffs on car imports could disrupt trade flows of about $ 500 billion and hurt the global economy, Moody analysts said on Monday in a note to customers.
Analysts said the impact of potential US taxes would affect global supply chains, pointing out that they could put a tougher blow on business and consumer confidence in a difficult financial environment.
According to analysts, automakers would be the hardest hit because potential tariffs would directly reduce their profits.
"Following the implementation of the tariffs, car manufacturers will have to absorb additional costs related to the protection of sales or transfer the cost of royalties to customers or suppliers," said analysts.
Earlier this week, US President Donald Trump received the findings of the investigations into the impact of auto imports on national security, deciding whether or not to impose duties. customs.
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