Published on 26 Nov 2024 on Benzinga
Shares of automakers including Ford Motor Co F, General Motors Co GM and Stellantis N.V. STLA are trading lower Tuesday after President-elect Donald Trump threatened tariffs on goods imported from Canada and Mexico.
What To Know: Trump indicated he could put 25% tariffs on imports from Canada and Mexico, sending automotive stocks lower Tuesday morning as the automotive industry has relied on the countries for lower-cost production, according to CNBC.