Who knows what is best for a business? Its owners or the government? Since the Trump administration announced plans to impose a 25 percent tariff on imports of autos and auto parts into the U.S., the stocks of GM, Ford, and Stellantis have all fallen. Tellingly, Stellantis (which includes Chrysler in a portfolio of carmakers, including Fiat, Peugeot, and others) was down by the least, perhaps because investors believe the tariffs would end up hurting the big, traditional American...
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