Major automakers shares slump due to Trump tariffs, except Tesla; negative.

From Yahoo Finance: 2025-03-27 11:16:00

Major automakers’ shares dropped after Trump announced 25% tariffs on auto imports. Higher production costs due to spread-out supply chains in North America will impact car prices. GM down 8.2%, Ford down 4.2%, Stellantis down 2.5%, Honda down 2.7%, Toyota down 2.4%. Tesla, producing domestically, saw a 5% share increase. Auto parts suppliers also saw losses.

Read more: Shares of GM and other automakers slump following Trump tariffs, with Tesla the exception