U.S.-imposed tariffs are hitting American firms’ bottom line
U.S.-imposed tariffs are hitting American firms’ bottom line
The CEO of one of the nation’s largest automakers says metal tariffs imposed by the Trump administration earlier this year have cost his company $1 billion in profits and sales. Ford boss Jim Hackett made the comment at a gathering of business leaders in New York on Wednesday. The administration imposed the steel and aluminum levies to bolster American businesses.
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