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Ford, GM, Stellantis Slam Trump's UK Trade Deal: 'This Hurts American Automakers, Suppliers And Auto Workers'
Friday, May 9, 2025 - 7:30am | 614A consortium including General Motors (NYSE:GM), Ford (NYSE:F), and Stellantis (NYSE:STLA) has voiced criticism over President Donald Trump‘s latest trade agreement with the United Kingdom. The group fears the deal could harm the U.S. auto industry. What Happened...
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Billionaire Mark Cuban Asks Should Small Businesses Be 'Ignored' After Trump Redirects Question On Tariff Relief For 'Little Businesses'
Monday, May 5, 2025 - 4:10am | 758Billionaire investor and Shark Tank fame, Mark Cuban, questioned President Donald Trump’s focus on small businesses amid the tariff and the recession backdrop, asking if only the “big industries” mattered. What Happened: President Trump, while speaking to a reporter from NBC News...
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Auto Stocks See Brief Spike In After-Hours Trading Wednesday As Trump Plans To Ease Tariffs On Automakers
Wednesday, April 23, 2025 - 6:28pm | 468Shares of Ford Motor Co (NYSE:F), General Motors Co (NYSE:GM) and Stellantis N.V. (NYSE:STLA) spiked in Wednesday’s after-hours session before pulling back. Here’s a look at what’s going on. What Happened: According to a Financial Times report, President Donald Trump is expected...
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Americans Rush To Buy Cars Ahead Of Tariff Price Hikes, Fed Beige Book Shows
Wednesday, April 23, 2025 - 3:21pm | 562Americans are rushing to buy cars ahead of looming price hikes, fueling a short-term spending spree on goods most vulnerable to the latest wave of tariff disruptions. In its Beige Book released Wednesday, the Federal Reserve said most regional districts reported moderate to robust vehicle sales,...
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What's Going On With Ford Motor Stock Today?
Wednesday, April 9, 2025 - 2:18pm | 452Shares of Ford Motor Company (NYSE:F) ticked upward on Wednesday, even after Bernstein analyst Daniel Roeska downgraded the stock from Market Perform to Underperform. Roeska also slashed the price target from $9.40 to $7, citing concerns over future performance. Ford navigates shifting trade...
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Trump's Auto Tariffs Could Crush Demand, Blow $26 Billion Hole In Industry Profits
Wednesday, April 2, 2025 - 12:18pm | 714The 25% tariff on imported cars and parts could wipe out up to 3 million vehicle sales, slash automaker profits in half and throw the U.S. auto supply chain into chaos as manufacturers scramble to reconfigure operations in a high-stakes race against time, according to Bank of America. In a note...
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Trump's 25% Tariff Set To Hike Imported Car Prices Up To $15,000 Higher, Goldman Sachs Warns
Thursday, March 27, 2025 - 10:12am | 674Following President Donald Trump’s latest tariff move, U.S. consumers could be expected to spend up to $15,000 more on an imported vehicle. This move could sharply rattle auto demand and reshape the competitive dynamics of the U.S. automotive market. In a note shared Thursday, Goldman Sachs...
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Trump Reacts To Selloff Following Auto Tariffs: 'That Can Take Care Of Itself In One Day, Two Days, Or One Week'
Thursday, March 27, 2025 - 4:37am | 946As President Donald Trump‘s auto tariffs pulled the markets down on Wednesday, he shrugged off the selloff worries, saying that markets can “take care of itself”. What Happened: During the press briefing on Wednesday, Trump was asked about the market fall after a three-day advance...
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Trump May Slap A 20% Tariff On EU, Yet April Still Offers Rally Hopes For European Stocks
Wednesday, March 26, 2025 - 3:34pm | 545The European Union is bracing for potential 20% tariffs from the Trump administration as the April 2 deadline for “reciprocal” trade measures looms. The Financial Times reported Wednesday that Maroš Šefčovič, the European Commissioner for Trade and Economic Security, warned that the U....
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Stock Of The Day: Break Out In Ford? This Level Has Been Important For The Automaker Since September
Wednesday, March 26, 2025 - 11:08am | 562Trading is quiet in Ford Motor Company (NYSE:F) Wednesday. But that may not be the case for long. The stock is trading at a resistance level and could be on the verge of a breakout. This is why it is our Stock of the Day. In the stock market, some price levels are more important than others....
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Jim Cramer Says Auto Tariffs Are Inevitable As Alibaba's Joe Tsai Says Chinese EVs May Eventually Be Hit By Them: 'More Than Half The Cars Sold Here Are Imports'
Thursday, March 13, 2025 - 4:21am | 1045After President Donald Trump delayed the tariffs on automobile companies that comply with USMCA rules last week, the tariffs on carmakers were inevitable due to the high magnitude of imports, explained CNBC’s Jim Cramer in an X post. What Happened: The Trump administration provided a one-...
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Canadian PM Justin Trudeau Retaliates With 25% Tariffs On US Goods Amid Escalating Trade War (CORRECTED)
Friday, March 7, 2025 - 5:05am | 677Editor’s Note: This story has been updated to clarify that the tariff applies to C$155 billion worth of U.S. goods, not $155 billion. Canadian Prime Minister Justin Trudeau has announced a 25% tariff on C$155 billion ($109 billion) worth of U.S. goods. This decision comes as a direct response...
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Auto ETFs Surge On Trump's Tariff Reprieve, But Uncertainty Looms
Wednesday, March 5, 2025 - 5:30pm | 795President Donald Trump's one-month exemption on auto tariffs for Mexico and Canada sent ripples through the sector. While the broader market rallied on the news, auto stocks lifted the ETFs that have significant exposure to the industry. However, this exemption is temporary. With Trump's broader...
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Trump's Tariffs Could Wipe Out Profits For GM, Ford And Stellantis, Barclays Warns: 'Tariffs Of This Magnitude Are Unlikely To Stick'
Wednesday, March 5, 2025 - 4:06am | 579Barclays issued a warning that the tariffs recently imposed by U.S. President Donald Trump could potentially eliminate the profits of Detroit’s “Big Three” automakers – General Motors (NYSE:GM), Ford (NYSE:F), and Stellantis NV (NYSE:STLA). What Happened: President Trump...
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Volkswagen 'Concerned' Over Trump Tariffs: Will Automakers Pass Costs To US Consumers?
Tuesday, January 21, 2025 - 2:08pm | 639Volkswagen AG (OTC:VWAGY) is upset about U.S. President Donald Trump‘s proposed tariffs on imports from Mexico. The Wolfsburg, Germany-based car manufacturer “is concerned about the harmful economic impact that proposed tariffs by the U.S. administration will have on American consumers...