Stock in American car companies falls after Trump announces new tariffs: reports

President Donald Trump announced on Wednesday that he would place a 25% tariff (or tax) on “all cars that are not made in the United States,” as well as certain automobile parts. The markets began responding with mere mention of a press conference about auto tariffs late Wednesday.

By Thursday morning, stocks fell at the market's opening.

CNBC reported, "General Motors stock was down about 8% in morning trading Thursday, while Stellantis lost nearly 4% and Ford Motor shares were down 2%.