Economics
Automakers Saved on Tax Cuts. Here’s How Much Could Be Wiped Out by Tariffs
- Steel and aluminum levies wipe out savings from corporate cut
- Auto tariff could erase full year of Toyota’s tax cut windfall
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Corporate America, and even Republican leaders, have warned President Donald Trump that his trade war could end up erasing some of the savings reaped from the sharp cut in the corporate tax rate.
Now there’s some evidence of just how much damage could be inflicted.