Auto Tariffs Are Riskier Than Wall Street Thinks, Economist Says
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Wall Street may be underestimating the threat of tariffs on the auto industry, according to Phil Levy, a senior fellow on global economy at the Chicago Council on Global Affairs.
“I think it’s better than even odds that they go ahead with this, and go ahead with this reasonably soon,” Levy said in a phone interview. “If investors and traders don’t get smarter, they are likely to be surprised by continued earnings shocks and by escalations of key disputes.”