BUZZ-Automakers clipped after Trump says Canada, Mexico tariffs set for Tuesday
ReutersMar 3, 2025 8:58 PM
Shares of automakers fall further amid a sea of red in Mon afternoon trading after U.S. President Donald Trump says tariffs of 25% on Canada and Mexico will take effect on Tuesday with reciprocal tariffs beginning Apr 2
U.S. automakers General Motors GM.N and Ford F.N down 4% and 1.7%, respectively
EV makers skid: Tesla TSLA.O, which had risen earlier after Morgan Stanley named it "top pick" on AI potential, now off ~4x%, while Rivian RIVN.O down 2.6%
Major S&P indexes dropping sharply on Mon with just defensive sectors Consumer Staples .SPLRCS, Healthcare .SPXHC, Real Estate .SPLRCR and Utilities .SPLRCU in positive territory .N
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