Auto stocks take a tumble after tariffs enacted

Vehicles at Ford, Nissan, and GMC dealerships in Richmond, California, US, on Monday, March 3, 2025. Tariffs on Canada and Mexico risk driving up US car prices by as much as $12,000, further squeezing consumers and wreaking havoc across the intricate web of automotive supply lines spanning the continent. Photographer: David Paul Morris/Bloomberg — Vehicles at Ford, Nissan, and GMC dealerships in Richmond, Calif. on Monday, March 3, 2025. Tariffs on Canada and Mexico risk driving up U.S. car prices by as much as $12,000, further squeezing consumers and wreaking havoc across the intricate web of automotive supply lines spanning the continent. (BLOOMBERG)

March 04, 2025 09:51 PM

Auto industry stocks took a beating Tuesday as President Donald Trump moved forward with 25 percent tariffs on Mexican and Canadian goods, including automotive vehicles and parts.

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