Mercedes CFO warns of major losses in car industry nightmare
The luxury automaker sounded the alarm on potentially expensive conditions.
Earlier this month, President Trump and the leaders of neighboring Mexico and Canada negotiated a deal to put a one-month pause on 25% tariffs on goods originating from its cross-border neighbors—save for a 10% carveout for Canadian oil.
The penalties would have translated into higher sticker prices for new car buyers, as many US-market models, including pickup trucks made by Detroit's Big Three to family cars made by Japan's Honda (HMC) and Toyota (TM) come from factories in the Great White North, and over the border in Mexico.
