S&P forecasters have raised concerns that the potential implementation of Trump tariffs could significantly harm the U.S. auto market. The impact could be comparable to the financial turmoil caused by the Lehman Brothers collapse and the economic disruptions during the COVID-19 outbreak. Analysts warn that such tariffs might lead to increased costs for consumers and reduced competitiveness for American automakers. This could result in a decline in sales and production within the industry. — new from Fortune
