mo4ch:>Daimler expects lower 2018 earnings due to new tariffs
Daimler expects lower 2018 earnings due to new tariffs
Daimler expects lower 2018 earnings due to new tariffs
21 June 2018
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Getty Images
Carmaker Daimler has said it expects lower earnings this year amid a growing trade spat between the US and China.It foresees lower-than-expected sales of Mercedes-Benz SUVs due to a tax on the import of US vehicles into China.The US plans to tax at least $50bn (£38bn) of Chinese imports in response to China's alleged intellectual copyright theft.China said it would collect levies on billions of dollars worth of US goods, including cars, from 6 July in return.The Trump administration has threatened further tariffs on another up to $400bn worth of Chinese goods if China continues to retaliate.
What is a trade war and why should I worry?
EU to launch tariffs against US on Friday
Daimler, the owner of Mercedes-Benz, said earnings from car sales were expected to be "slightly below the previous year"."From today's perspective,…
Daimler expects lower 2018 earnings due to new tariffs
21 June 2018
Image copyright
Getty Images
Carmaker Daimler has said it expects lower earnings this year amid a growing trade spat between the US and China.It foresees lower-than-expected sales of Mercedes-Benz SUVs due to a tax on the import of US vehicles into China.The US plans to tax at least $50bn (£38bn) of Chinese imports in response to China's alleged intellectual copyright theft.China said it would collect levies on billions of dollars worth of US goods, including cars, from 6 July in return.The Trump administration has threatened further tariffs on another up to $400bn worth of Chinese goods if China continues to retaliate.
What is a trade war and why should I worry?
EU to launch tariffs against US on Friday
Daimler, the owner of Mercedes-Benz, said earnings from car sales were expected to be "slightly below the previous year"."From today's perspective,…