U.S. President Donald Trump has signed an executive order imposing 25% tariffs on all cars made outside the U.S. The tariffs will become effective April 2, Trump said, adding that tariffs on lumber will be coming as well. Publicly traded companies in the space include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz (MBGYY), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).
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Read More on F:
- Trump plans to impose 25% tariffs on all cars not made in U.S., CNBC reports
- Ford (NYSE:F) Goes Back to Washington to Talk Tariffs
- Trump, trade team considering narrower tariffs than once envisioned, WSJ says
- Ford put volume heavy and directionally bearish
- Top EU official expects Trump tariff of about 20%, FT reports