Even if Mercedes has a car plant in the United States it also has to face stiff US tariffs on imported car parts

Even if Mercedes has a car plant in the United States it also has to face stiff US tariffs on imported car parts

 Kirill KUDRYAVTSEV

German premium carmaker Mercedes-Benz reported plunging third-quarter profit Wednesday, hit by weak sales in China as well as US tariffs.

Net profit at the Stuttgart-based company fell 30.8 percent to hit 1.19 billion euros ($1.38 billion), beating analyst expectations of 1.09 billion euros in a poll by financial data firm FactSet.

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