After President Donald Trump announced that the U.S. will impose a 25% tariff on imported cars and light trucks, effective April 3, BofA said Ford (F) is “relatively less affected and may even benefit” as it only imports a few models, which account for a “modest” 20% of its total volumes. General Motors (GM) appears relatively exposed to the tariffs as it imports 49% of its vehicles, the analyst added. Other original equipment makers with sizable import exposure to the U.S. include Tata Motors’ (TTM) Jaguar and Land Rover, Mazda (MZDAY), VW (VWAGY), Hyundai and Kia, Nissan (NSANY), BMW (BAMXF), Toyota (TM), Stellantis (STLA), Subaru (FUJHY), and Honda (HMC), the analyst noted.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on F:
- VW, BMW and Mercedes-Benz Drive European Stocks Lower as Europe Calls for Firm Response to Trump’s Auto Tariffs
- Trump Slaps 25% Tariffs on Foreign Cars and Rattles the Auto Market
- Ford Stock (F) Skids as Trump Imposes 25% Auto Tariffs
- Closing Bell Movers: Stock futures, Big Three automakers fall on auto tariffs
- Trump signs executive order imposing 25% tariffs on cars made outside U.S.
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue