Hit hard by trade war, automakers hoping Trump will hold off on new round of tariffs
November 17, 2018 at 15:00 PM EST
The auto industry fears that new tariffs, on top of those already enacted on Chinese-made vehicles and imported aluminum and steel, could have a major negative impact on the American new car market. Consumers could be hit with higher prices that would put the brakes on already declining car sales, hammering industry profits.