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What a Trump or Biden win for president means for U.S. automakers

November 3, 2020

Via: CNBC

The outcome of Tuesday’s presidential election between President Donald Trump and former Vice President Joe Biden is expected to have widespread impact on the U.S. auto industry – from near-term consumer confidence to long-term regulatory and trade policies.

In his first-term as commander in chief, Trump deregulated, renegotiated and litigated critical areas impacting the auto industry. If the Republican president is re-elected, much of the same is expected during his second term. That includes lower corporate tax rates, U.S.-focused trade and reduced environmental regulations.

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