Aus
U.S. President Donald Trump’s latest trade plan to implement a 25% tariff on imported cars and light trucks effective on April 3 sent the entire sector rolling.
The announcement hit stocks of General Motors, which tumbled 7.36% and Ford going down 3.88%. Car parts manufacturers Aptiv (NYSE: APTV) and BorgWarner (NYSE: BWA) both declined around 5% each. However, Tesla (NASDAQ: TSLA), defiantly moved up 0.39%, as general perception among investors is that the company will be minimally...