📉 American automotive industry under pressure! 🚗🌎
The news that Donald Trump plans to introduce 25% tariffs on goods imported from Canada and Mexico has sent shockwaves through the markets. Shares of companies like General Motors $GM and Stellantis $STLA plunged by more than 8 %, while smaller players like Ford and Toyota have seen more modest losses.
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I think$GM is a lost business and I wouldn't invest in it. $STLA is more interesting, but I don't have their stock in my portfolio either.