No ‘winner’ in Trump tariffs: Expect ‘pure chaos’ in the auto industry, analyst warns
Investor’s Business Daily reports: A day after auto stocks broadly declined, the sector lost more ground Friday. The threat that President Donald Trump’s 25% tariffs on all foreign-made vehicles could “send the auto industry into pure chaos,” and boost the average price of cars between $5,000 and $15,500, according to an analyst. Wedbush Securities analyst Dan Ives on Friday said, after talking to auto industry players from around the world over the prior 24 hours, that the tariffs will add…