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2025
March
27
US FINAL Q4 GDP +2.4% (CONSENSUS +2.3%)
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US FINAL Q4 GDP +2.4% (CONSENSUS +2.3%)
March 27, 2025
Frank
US FINAL Q4 GDP +2.4% (CONSENSUS +2.3%)
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US JOBLESS CLAIMS -1K TO 224K IN MAR-22 WK; SURVEY 226K US MAR-15 WEEK CONTINUING CLAIMS -25K TO 1,856,000 US MAR-15 WEEK JOBLESS CLAIMS REVISED TO 225K
TRUMP’S 25% AUTO TARIFF IMPACTS:
100% Imported: Audi, Porsche, Ferrari.
BMW & Mercedes: ~25% of sales in U.S.; ~50% of U.S.-sold cars assembled locally, but key parts imported.
Stellantis: ~50% of revenue from U.S.; ~60% of U.S. vehicles assembled locally, high exposure to demand drop.
Volkswagen: U.S. = mid-teens % of sales; most parts sourced in North America.
Renault: No U.S. exposure.
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