TEXT-S&P on new tariffs' effects on global auto production

Newswire

Sept 27 - Economic slowdowns and currency fluctuations in Latin America have prompted new tariffs in and between Brazil, Mexico, and Argentina, as well as rules on local content requirements. Both are affecting the autos and auto components sector. Standard & Poor's Ratings Services thinks the higher tariffs and import quotas will influence, if not reduce, trade among the countries, which in turn could affect auto manufacturers with local production or exports in the region, said a report ...

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