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Lifting a stone to hit one's own foot! As soon as the tariff threat from Trump emerged, the stock prices of usa auto giants plummeted.
① The usa's incoming president Trump threatened to impose a 25% tariff on imported commodities from Mexico and Canada, causing shares of major us autos companies to plummet, with general motors falling nearly 9%. ② The tariffs may harm employment in both the usa and Mexico, and deal a blow to us consumers, which is undoubtedly Trump "lifting a rock only to drop it on his own foot."
Trump Tariff Threats Hit Ford, GM, Other Auto Stocks. This Is Why. -- Barrons.com
Express News | Faraday Future - AI Strategy Includes Introducing New Revenue Streams, Like in-Vehicle Subscriptions & AI-Driven Value-Added Services
Express News | Faraday Future - Aims to Drive a Comprehensive AI Transformation Strategy in U.S. EV Industry
Express News | Faraday Future Announces It Will Change Its Stock Ticker Symbol to "Ffai" and Host an “FF AI Open Day” Event in Early 2025
California's Newsom Vows to Offer EV Rebates If Trump Cuts $7,500 Federal Tax Credit
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