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Evening Standard

Politics

Nicholas Cecil

Donald Trump's tariffs puncture US car industry downgraded by Barclays to 'negative'

Donald Trump Francois Bayrou United States France JD Vance

Barclays on Tuesday downgraded the US auto and mobility sector to "negative" from "neutral", warning that Donald Trump's tariffs could hit carmakers’ earnings and investments.

The move echoes warnings by Goldman Sachs last week, when the US brokerage cut its estimate for automobile sales in the country for this year by nearly one million units.

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