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Germany’s biggest carmaker suffers £1.1bn hit from Trump tariffs
Volkswagen sales sink after US president imposes 27.5pc tax on imported cars
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cnbc.com
Auto giant Volkswagen cuts guidance as U.S. tariffs hit profit hard
Europe's biggest carmaker posted a sharp drop in second-quarter profit, primarily due to high costs from increased U.S. import tariffs.
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nytimes.com
Volkswagen Hit Hard by Trump’s Tariffs
The German automaker said that the U.S. import duties erased about $1.5 billion from its profit in the first half of the year.
