US auto stocks tumble premarket after Trump's tariffs
Shares of U.S. automakers tumbled in premarket trading on Thursday after U.S. President Donald Trump said he would impose 25% tariffs on all vehicles and foreign-made auto parts imported into the United States.
Shares in Ford
F
dropped 4.3%, General Motors
GM
fell 6.5% and Tesla
TSLA
was down 2.2% by 4:11 a.m. ET.