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| GM and Ford would suffer a $1 billion profit hit if steel tariffs are enacted, says Goldman General Motors Co. and Ford Motor Co. would each take a $1 billion profit hit if proposed steel tariffs advance in Washington, according to analysts at Goldman Sachs. Steel is the primary material used by GM GM, +0.83% and Ford F, +1.73% the analysts said in a note. "Based on 2017 production mix, ...
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