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Volkswagen says first-quarter profits impacted by Trump tariffs
Volkswagen says first-quarter profits impacted by Trump tariffs
Economy
by  AFP

German auto giant Volkswagen said Wednesday that tariffs on car imports into the United States ordered by President Donald Trump had dragged down its first quarter operating profit. Trump last month announced a 25-percent tariff on autos imported to the United States, which is the number one destination for German car exports.