Car Stocks Tumble After Latest Trump Tax on Trade - Barron's
1. Trump announced 25% tariffs on all imported cars and key parts. 2. Analysts predict tariffs may completely wipe out Ford's profits. 3. UAW supports tariffs as a win for workers and communities. 4. Ford makes 80% of cars sold in the U.S. domestically. 5. Initial stock prices drop for Ford and other automakers.