Trump Tariffs Threaten Automakers with $30 Billion Loss, Moody’s Warns

Moody’s has issued a warning that Trump’s tariffs could inflict significant financial losses on global automakers, potentially costing them as much as $30 billion. The economic impact stems from the altered U.S. production strategies for car manufacturers due to the recent increase in tariffs. This has prompted many automakers like Toyota and Ford to consider altering their production methods and supply chain networks as they seek ways to minimize losses. ]