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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
