Auto tariffs put markets in reverse gear

Auto tariffs put markets in reverse gear

An American flag flutters outside a Honda automobile dealership in Irvine, California, U.S., March 27, 2025.  Mike Blake | Reuters When U.S. President Donald Trump won the 2024 presidential election in November last year, markets were in a relatively buoyant mood. Talk of deregulation and tax cuts drove consumer sentiment, while easing inflation led investors…

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Car prices to rise from Trump tariffs

Car prices to rise from Trump tariffs

Chevrolet Silverado trucks at a Chevrolet dealership in Vallejo, California, US, on Monday, March 3, 2025. Bloomberg | Bloomberg | Getty Images President Donald Trump‘s steep new tariffs on imported cars will likely jack up prices for U.S. buyers of both foreign and locally made vehicles, according to Wall Street analysts. Trump on Wednesday said…

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GM stock is getting hit the hardest

GM stock is getting hit the hardest

The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. Daniel Becerril | Reuters As auto stocks reacted to the latest tariff announcement out of Washington, D.C., on Thursday, General Motors took the brunt of the hit. Shares of GM…

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Tariff me, tariff me not

Tariff me, tariff me not

U.S. President Donald Trump speaks to the media in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025.  Evelyn Hockstein | Reuters Another day, another tariff development from the Trump administration.  In his latest move in the global trade war, U.S. President Donald Trump has announced a 25% tariff on…

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