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G.M. warned that a new wave of U.S. tariffs could force the company to scale back its business, drive up car prices and cost American jobs

By: clo in ALEA | Recommend this post (0)
Sat, 30 Jun 18 2:40 AM | 48 view(s)
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G.M. warned that a new wave of U.S. tariffs could force the company to scale back its business, drive up car prices and cost American jobs
Friday, June 29, 2018 4:02 PM EST
General Motors warned Friday that another wave of tariffs being considered by the Trump administration could force the company to scale back its business and cost American jobs.

In comments submitted to the Commerce Department, the automaker said that the tariffs, if approved, could drive individual vehicle prices up thousands of dollars, stifling demand. Such costs would need to be borne either by consumers or the company.

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