Auto industry

 New Republic - As markets reel from Wednesday’s tariff announcements, the U.S. auto industry is continuing to figure out its next steps. Roughly 46 percent of vehicles sold here last year were made in other countries.Investment analysts at Bernstein Research estimate that 57 percent of the parts that make up vehicles assembled in the United States are sourced abroad; those items are due to face tariffs by May 3. GM—which imports 48 percent of the vehicles it sells in the U.S., and sources less than 40 percent of its parts domestically—could face a 79 percent drop in earnings before interest and taxes, Bernstein estimates.