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Dow Jones NewsApr 29, 12:24 PM UTC
DJ Trump's Softening on Auto Tariffs Offers Short-Term Relief -- Market Talk
1224 GMT - Trump's pivot on auto tariffs offers short-term relief but structural risks remain, Bernstein analysts say in a research note. "Without clarification, the scope and effectiveness of the relief remain highly uncertain," the analysts say. It remains unclear how U.S. production will be defined, whether Mexico and Canada will qualify, and what compliance requirements original equipment manufacturers will face, they add. Suppliers might gain some cost recovery, but higher vehicle prices and rising complexity are inevitable, the analysts say. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 08:24 ET (12:24 GMT)
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