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US Auto Tariff Set To Shake Industry, Job Losses Loom
Market Update | Evergrande Auto fell over 22%, GAC denied acquisition rumors, and the subsidiary Hengtchi Auto's bankruptcy liquidation application has been accepted.
In the news, Guangzhou Automobile Group denied rumors of acquiring the Nansha factory, and Evergrande Auto stated that it is not aware of any reasons that caused the stock price to rise.
Trump Announces 25% Tariffs on All Foreign-made Vehicles, Some Auto Parts
Tariff club swings towards the Autos Industry! Trump will impose a 25% tariff on automobile imports starting next week.
USA President Donald Trump signed an order to impose a 25% tariff on Autos imports, aiming to expand the trade war and create more manufacturing job opportunities in the USA.
Hong Kong Stock Morning Report | Trump swings the tariff stick, JPMorgan raises the target for Chinese Stocks.
① The President of the USA, Trump, announced a 25% tariff on all imported Autos. ② The USA has placed several Chinese entities on the export control "entity list"; the Ministry of Foreign Affairs and the Ministry of Commerce have spoken out. ③ The three major Indexes of the USA stock market closed lower, with most China Concept Stocks declining. ④ As the countdown to Trump's tariff enforcement begins, two Federal Reserve officials issue warnings of impact. ⑤ JPMorgan follows up by raising the target for China Stocks.
Global Autos trade is facing a dark moment as Trump announces the imposition of the highest 25% tariffs on imported Autos.
① The President of the USA, Trump, announced that a maximum tariff of 25% will be imposed on all cars not manufactured in the USA; ② The tariffs will take effect on April 2 and will start to be collected the next day; ③ Most Auto Manufacturers' stock prices fell in after-hours trading, with Ford Motor down over 4% and General Motors down over 5%; ④ Canada and the EU have both responded.
103435249 : Why it halted now?