French automotive supplier, Valeo (EPA:VLOF), has announced that it will be unable to absorb the 25% tariffs imposed by the U.S. on car imports. A spokesperson for the company revealed on Thursday that the firm will respond to these tariffs by increasing its prices. Following the tariff announcement by the U.S., Valeo’s shares experienced a 5% decrease.
French automotive supplier, Valeo (EPA:VLOF), has announced that it will be unable to absorb the 25% tariffs imposed by the U.S. on car imports.
A spokesperson for the company revealed on Thursday that the firm will respond to these tariffs by increasing its prices.
Following the tariff announcement by the U.S., Valeo’s shares experienced a 5% decrease.
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