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0.000241254523522268 0 0.000723763570566975 0.00217129071170076 0.00434258142340168 -0.00361881785283471 -0.00916767189384807 -0.00422195416164063
Stock impact report

Carmakers Face Doubts And Jolts Over US Tariffs [Barron's]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: Barrons
The 25-percent tariffs that the administration of President Donald Trump is imposing as of April 3 will apply to cars and car parts not manufactured in the United States. But all carmakers will be impacted, as even US automakers import foreign parts and manufacture vehicles for the US market in neighbouring Canada and Mexico. The Bank of America estimates that the tariffs will apply to 7.3 million vehicles, or eight percent of global sales, and will expose carmakers to added costs and chaos. One, albeit temporary, strategy to cope with the new tariffs is to avoid them by shipping as many vehicles as possible to the United States before they come into force. "Shipments have expanded quite a bit to absorb the first shock" of the tariffs, said Fitch Ratings Director Cigdem Cerit. "Everyone did build a little buffer," she added. South Korea's Hyundai was among the automakers that most built up its stock of cars, according to Cox Automotive, an automotive services firm. Meanwh Show less Read more
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