image: Elijah Nivilage ((Gety pictures))
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The shares of cars fell before the announcement of President Donald Trump at 4 pm EST on his industry tariff plans.
The S& P 500 Automobiles Index decreased by more than 5 % from 2 pm local time. Ford ((and-53 %)) The shares decreased by 1.1 %, General Motors ((General Motors-3.45 %)) 1.6 % and stellantis decreased ((Stla-3.59 %)) More than 2 % slip. The main S&P 500 index decreased by 1.3 %, as the Nasdaq boat threw 2.2 % and Dow Jones Industrial MEVERGAL about 206 points.
Trump also discussed the customs tariff “in the 25 % neighborhood” on imported vehicles, semi -conductors, and pharmaceutical imports, which were originally expected to be announced in early April. The president is scheduled to issue a “mutual” tariff on April 2.
Definitions can affect Almost all the original equipment manufacturersAccording to the S&P GLOBAL Mobility ((SPGI-1.40 %)) Search dated January 28. American automaker companies It has assembly plants In Canada and Mexico and they use imported parts – as well as foreign car makers with American factories, including Volkswagen ((vwagy-2.92 %)) And Nissan ((Nsany-2.98 %)).
S&P Global Mobility said 25 % on the average cost of $ 25,000 for the vehicle imported from Mexico, and Canada will add $ 6,250 of costs. Cars that contain imported parts of any of the countries-such as F-Series Pickup with a Canadian-you-see also an increase in prices.
The Michigan Economic Economic Group is estimated at a 25 % tariff that will add between $ 4,000 and $ 10,000 per vehicle for vehicles collected in North America, according to a recent presentation. The price of all -size SUVs will be increased by $ 9,000, while the price of the electric car for batteries will grow by $ 12200.
In a softening economy where consumers are Increasingly By conducting major purchases, car companies may decide that they cannot transfer the full price of duties and will accommodate increases-which may lead to deferred investment and reduce costs, including workers’ layoffs.
– With the reporting of Will Gavin
