Automakers Wary Of Tariff Impact

At a time when U.S. sales of new vehicles are in decline, executives from major automakers raised concerns at the New York auto show this week about the possibility of a trade war. This after the Trump administration imposed tariffs on steel and aluminum imports earlier this month.
Hinrich Woebcken, Volkswagen AG’s North American chief executive, told Reuters, “Protectionism doesn’t have winners.