1437 ET - Tariffs on vehicles will stack up with other levies and "hit the auto industry hard," Wolfe Research's Tobin Marcus and Chutong Zhu write. They foresee the rate on European autos getting into the 40%-50% range after Liberation Day announcements next week. "For Mexico and Canada, reciprocal rates could realistically be in the 10% range, for an all-in rate around 35%," Marcus and Zhu say. "In general, we would characterize this as a hawkish outcome, in line with the President's preference for across-the-board tariffs at substantial rates, with minimal carveouts." (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
March 27, 2025 14:37 ET (18:37 GMT)
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