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Tesla Stock Rises to End Its Best Month Since January 2023
GM, Other US Automakers Face Sharp Profit Squeeze From Trump Tariffs, Analysts Warn
Economic Impact of Trump's Tariff Policy
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Not only European auto manufacturers, general motors (GM.US) and other American counterparts will also be affected by Trump's tariff "big stick".
The incoming usa president Trump plans to impose a 25% tariff on all autos imported from Mexico and Canada, which may impact the profits of usa auto manufacturers.
Leaked BYD Letter Signals China EV Price War Is Set to Intensify
DBS Maintains General Motors(GM.US) With Hold Rating, Cuts Target Price to $55
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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."