Trump announces trade deal with EU following months of negotiations
Investing.com -- Mercedes-Benz (OTC:MBGAF) Group AG is contemplating the withdrawal of its least expensive cars from the US market, as President Donald Trump’s auto tariffs could make their sales economically unfeasible, sources close to the matter have revealed to Bloomberg.
The German automaker is considering reducing sales of entry-level models, including the small GLA sport utility vehicle, as part of wider tariff contingency plans. The 25% tariffs imposed by Trump are set to come into effect this week.
Mercedes-Benz has not made a final decision and may alter its plans depending on the implementation of the levies. The lack of clear guidance from Washington is causing uncertainty among executives, leaving them unsure of how to proceed.
In a statement to Bloomberg, a spokesperson for Mercedes-Benz said the company aims to maximize its sales in the US, but declined to comment further on the matter.
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