Asbury Automotive Group Inc

ABG: XNYS (USA)
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Auto Dealers' Exposure to Canada and Mexico Tariffs Is Not Uniform

The 25% tariffs on all US imports from Canada and Mexico began March 4. These tariffs are punishment for what President Donald Trump feels are inadequate measures by these two nations and China for fentanyl and illegal immigration into the US. Lately, White House rhetoric seems more focused on fentanyl than immigration. We consider these tariffs very bad news for our US autos coverage, but for now, we're leaving our fair value estimates in place.

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