Ford Stock Drops Despite Tariff News, Cautions Against Investing

Jim Cramer discussed Ford Motor Company’s stock and the impact of tariffs on imports from Japan and South Korea. Despite potential benefits for domestic automakers like Ford and GM, their stocks dropped. Cramer also mentioned the impact of a 50% tariff on Canadian aluminum and steel on automakers, advising against owning their stocks.

Ford (NYSE:F) designs, manufactures, and sells vehicles under the Ford and Lincoln brands, offering financing, leasing, and digital services. Cramer highlighted the challenges automakers face with tariffs on aluminum and steel, affecting car and truck prices and profits. He warned against owning auto company stocks due to potential trouble.

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Read more at Yahoo Finance: Jim Cramer Observes Ford Stock Drop Despite Auto Import Tariff News