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Daimler, the parent company of Mercedes-Benz, said in a statement late Wednesday that "the decisive factor" for the change in its outlook was the expectation that China will raise tariffs on vehicles imported from the United States.

Daimler, the parent company of Mercedes-Benz, said in a statement late Wednesday that "the decisive factor" for the change in its outlook was the expectation that China will raise tariffs on vehicles imported from the United States.