While automakers have been bracing for President Trump’s promised tariffs, Volkswagen became the first to reveal serious financial damage it attributes to the trade conflict. The German company reported a 37 percent drop in first-quarter operating profit.
Such a sharp decline underscores how exposed VW is to shifts in trade policy. As the first major automaker to quantify the pain, Volkswagen offers an early glimpse of the financial strain the broader industry may face.
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