#Latest news with #steel tariffsWall Street Journal4 days agoAutomotiveWall Street JournalAuto Stocks Fall After Trump Moves to Double Steel and Aluminum TariffsToyota and Jeep maker Stellantis were among the losers on global stock markets Monday, with their shares falling roughly 3% in Tokyo and Milan, respectively. Investors were responding to President Trump's pledge to double steel and aluminum tariffs to 50% from Wednesday—which would add to the companies' U.S. manufacturing costs. Shares in Ford (F) and General Motors (GM) stood modestly lower in thin premarket trading.
Wall Street Journal4 days agoAutomotiveWall Street JournalAuto Stocks Fall After Trump Moves to Double Steel and Aluminum TariffsToyota and Jeep maker Stellantis were among the losers on global stock markets Monday, with their shares falling roughly 3% in Tokyo and Milan, respectively. Investors were responding to President Trump's pledge to double steel and aluminum tariffs to 50% from Wednesday—which would add to the companies' U.S. manufacturing costs. Shares in Ford (F) and General Motors (GM) stood modestly lower in thin premarket trading.
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