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Automotive Stocks Drop After Trump Threatens 25% Tariff on
Published : 27-11-2024 - Duration : 00:37 - View : 80
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Shares of General Motors and Stellantis fell Tuesday after President-elect Donald Trump threatened to impose a 25% tariff on goods imported from Canada and Mexico. The proposed tariffs would significantly affect the automotive industry, which relies on lower-cost production in Mexico. UBS reports that the automotive sector accounts for 26% of U.S. ...
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