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Stellantis says Trump rowback will ease tariff pain
Mercedes-Benz’s chief financial officer Harald Wilhelm said that if the tariffs remained in place for the full year, they would reduce the company’s profit margin in its car division, which slipped to 7.3 per cent in the first quarter, by 3 percentage points.
Could a complex, Netherlands-based automaker be a natural beneficiary of U.S. protectionism?
Stellantis CFO says the company is assessing the latest tariff news and cites dialogue with the Trump administration.
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