Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
Stellantis NV has revised its profit margin forecast for 2024, citing higher costs to revive its Jeep and Dodge brands in the US and a broader global slowdown in the automotive sector. The company now expects an adjusted operating income margin of 5.5% to 7%, down from its earlier prediction of double digits.
In addition, industrial free cash flow is forecast to be between negative €5 billion and negative €10 billion, a significant shift from previous guidance of positive cash flow. The automaker is accelerating efforts to reduce inventory in the US, aiming for fewer than 330,000 vehicles by the end of the year, ahead of its initial target of early 2025.
This adjustment from Stellantis follows similar guidance cuts from European automakers, including Volkswagen AG, which issued its second profit warning recently due to sluggish sales and increasing competition from Chinese rivals.
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