Auto giants surprisingly resilient as sweeping U.S. tariffs spare Canada and Mexico for now
Publishing timestamp: 2025-04-03 11:06:57
Summary
Despite the implementation of 25% tariffs on foreign auto imports by U.S. President Donald Trump, shares of major automakers remained resilient, with some trading lower. The exemption of Canada and Mexico from the tariffs announcement may have contributed to the muted response from auto stocks. Analysts predict that the tariffs could lead to price hikes and a decline in car sales in the coming months. Investors are advised to reduce their exposure to the sector.
Sentiment: NEUTRAL
Tickers: GM, P911-DE, BMW-DE, F, STLA-IT, MBG-DE, VOW3-DE,
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