Automakers take a hit from tariffs, but some still see strong earnings
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Automakers have been footing a hefty tariff bill — to the tune of $30 billion across the industry this year, according to a recent analysis from Moody's.
The industry is also grappling with a shortage of semiconductors, leaving them without the chips they need to build some vehicles, as well as a fire at an aluminum plant that's hurting the supply chain for Ford and Stellantis.
Despite those headwinds, quarterly earnings reports from automakers are so far showing resilience.
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