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Fortune

Christiaan Hetzner

Trump tariffs could prove nearly as harmful to U.S. auto market as Lehman collapse and COVID outbreak, warn S&P forecasters

Donald Trump Covid-19 Stephanie Brinley United States SP Global Mobility

Republican presidential nominee, former U.S. President Donald Trump looks on during a roundtable with faith leaders at Christ Chapel on October 23, 2024 in Zebulon, Georgia. (Credit: Anna Moneymaker—Getty Images)

S&P Global Mobility cut 700,000 cars from its annual U.S. sales estimate as a result of President Donald Trump’s tariffs on imported vehicles. It’s “one of the largest single-month changes” it has ever made to its forecast.

President Trump’s tariffs that took effect earlier this month are proving to be almost as disruptive to the U.S. auto industry as the global coronavirus pandemic and the Lehman Brothers bankruptcy.

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Moment Arizona cops shove a college cheerleader to the ground to arrest her

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

No arrests announced in shootings that killed 2, left dozens injured at Georgia block party

No arrests announced in shootings that killed 2, left dozens injured at Georgia block party

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