Subaru’s problem with Trump’s proposed tariff, the quagmire presented by the government’s new emissions plan, NAFTA, and more in The Morning Shift for Monday, Aug. 6, 2018. 1st Gear: Subaru Sees the Writing on the Wall With President Donald Trump’s Commerce Department weighing a 25 percent auto tariff on imported vehicles, it hasn’t been a good few weeks for any business that makes a living doing, uh, anything related to cars. Among the whole brigade of carmakers, it’s likely Subaru could feel the heat the most. The Japanese automaker’s U.S. sales slid 14 percent in the second quarter of 2018, Bloomberg reports, and about half of its cars sold in the U.S. this year have been imported by Japan—a whole lot of cars potentially subjected to the theoretical tariff. And the company seems sharply attuned to just how much damage the tariff could do to business, per Bloomberg: “It’s a fact that there would be a big impact from a U.S. tariff increase,” Chief Financial Officer Toshiaki Okada said at a briefing in Tokyo. “We’re studying what the impact might be but there are too many unknowns at this point, so we want to refrain from giving a specific figure.”… Read full this story
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