11 sources·Business

Wall Street Reacts to New Auto Tariffs Amid Economic Concerns

Major automakers' stocks decline sharply as Trump announces a 25% tariff on non-US auto imports, effective April 3, exacerbating inflation worries.

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  2. GM shares tank as U.S. auto industry digests new Trump tariffs

    The whipsawing White House trade policies are destabilizing for the entire industry, experts say.

    GM shares tank as U.S. auto industry digests new Trump tariffs

    NBC NewsNBC News·24d
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    This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
    ·
    Center
    This outlet is balanced or reflects centrist views.
  3. Stock Movers: GM, 23andMe, Gamestop

    Gamestop (GME) shares drop as much as 12%, the biggest intraday drop since Sept. 11, after the video-game retailer announced that it intends to offer $1.3 billion aggregate principal amount convertible senior notes due in 2030.

    Stock Movers: GM, 23andMe, Gamestop

    BloombergBloomberg·24d
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    This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
    ·
    Center
    This outlet is balanced or reflects centrist views.
  5. Stocks shift into reverse as Trump rolls out new auto tariffs

    Beyond the impact on the auto sector, investors have been rattled by President Trump's protectionist trade policies.

    Stocks shift into reverse as Trump rolls out new auto tariffs

    CBS NewsCBS News·24d
    Reliable
    This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
    ·
    Center
    This outlet is balanced or reflects centrist views.
  1. CNBC
  2. NBC News
  3. Bloomberg
  4. Associated Press
  5. CBS News
Updated: Mar 27th, 2025, 5:47 PM ET

Summary

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Wall Street saw significant declines on Wednesday, notably a 1.1% drop in the S&P 500, driven by President Trump's announcement of a 25% tariff on non-US auto imports effective April 3. Major automakers like General Motors faced major stock declines, with shares dropping over 6% as they brace for increased production costs. Analysts warn that these tariffs could elevate vehicle prices by $5,000 to $15,000. The Nasdaq Composite led losses with a 2% drop. Economists express concern over the potential for rising inflation and reduced economic growth stemming from these tariffs and ongoing trade policies.

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  • The S&P 500, Dow Jones, and Nasdaq all experienced declines attributed to Big Tech sell-offs and tariff concerns.

  • President Trump's announcement of a 25% tariff on imported vehicles has raised fears of increased costs for consumers and a potential hit to U.S. automakers.

  • Investors are uneasy about ongoing trade policies and their implications for economic growth, inflation, and market stability.

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Wall Street Reacts to New Auto Tariffs Amid Economic Concerns - Pano News