US automakers’ lower profits, see pitfalls for 2018

curata__uk4TMY8DMSNzc0w.jpeg

Detroit’s automakers are profitable, but they face a turbulent second half of 2018. After second-quarter earnings reports Wednesday from all three domestic car companies, analysts and auto executives outlined mounting challenges in international markets, especially China, and the looming threat of President Donald Trump’s proposed 25 percent increase in tariffs on imported cars and parts, which could inflate prices across the board.

Read the source article at Detroit Free Press