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German luxury carmaker Daimler

China-US trade war hits Daimler profit for 2018, may sweep sector

China-US trade war hits Daimler profit for 2018, may sweep sector

Thu, Jun 21, 2018

The company said late on Wednesday that import tariffs on cars exported from the United States to China would hurt sales of its Mercedes-Benz cars, resulting in slightly lower earnings before interest and taxes (EBIT) this year. It previously saw 2018 EBIT rising slightly.

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