GM, Ford stocks reel after Trump announces 25% auto tariffs on foreign-made vehicles, certain parts

[Think. Again.]

Pras Subramanian · Senior Reporter
Updated Thu, March 27, 2025, 9:57 AM CDT
Source: https://finance.yahoo.com/news/gm-ford-stocks-reel-after-trump-announces-25-auto-tariffs-on-foreign-made-vehicles-certain-parts-134341668.html

President Trump made good on his promise to impose tariffs on foreign automakers, imposing 25% duties on all cars and light trucks not made in the United States, as well as "certain auto parts." The move sent shares of GM (GM), Ford (F), and other automakers sharply lower on Thursday.

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GM shares tumbled over 8% in early trading, while Stellantis (STLA) shed nearly 4% and Ford dipped 3%. European automakers as well as Japanese and Korean brands fell on Thursday as well.

Though the new tariffs will hit mostly foreign automakers, domestic automakers, including the Big Three — Ford, GM, and Stellantis — are concerned about their impact too. GM, Ford, and Stellantis build vehicles in Canada, Mexico, and China, and they foresee higher production costs due to tariffs' effect on the auto supply chain.

Wednesday's tariffs seem to initially target only finished auto products, however the executive order and published fact sheet added parts like "engines, transmissions, powertrain parts, and electrical components" to the list of foreign goods subject to tariffs.

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[Bernardo de La Paz]

1. Heads in the sand, the market is up. . . . . nt

[Think. Again.]

2. And the entire auto industry is down.

[Srkdqltr]

3. But Canada does not make cars. There is no Canadian Car company. Cars or parts are made by Ford GM or Stellantis?

he keeps saying that Canada sends cars to us or Mexico sends cars. No one sends cars to us. Companies here are bringing their cars here. Ford and the others make their cars in Canada, Mexico and bring them here.
He makes it sound like the countries send stuff in hopes that people will buy them.
so his problem is with Ford, GM and Stellantis, they are the ones building plants in other countries not the countries themselves.

[Think. Again.]

4. Yeah, he lies...

Let's face it, no country could possibly exist by isolating itself from the rest of the world.

This man and his fools will destroy us if we let him continue to do what he does.

[Srkdqltr]

6. His problem is with the US automakers who build offshore. They will do nothing except raise prices and layoff.

They will wait it out because they know he will be gone soon, or they can shmooze him into lowering it for them.

[flvegan]

5. Insider trading time, anyone?

Maybe this is why some members of congress aren't so interested in stopping Capt Fuckface and his Circus of Chaos.

I dunno. Just thinking out loud here.

[Think. Again.]

7. Yep, I heard that baron likes to do a little short-selling from time to time.

[uponit7771]

8. An excuse for MAGA to short auto stocks seeing Putin's Puppet is tariffing everything.