General Motors’ earnings have exceeded Wall Street’s forecasts, but investors are still dumping the stock broadly on fears of tariffs that will make it hard for the carmaker to hit its 2025 targets.
Shares dropped more than 10 percent on Tuesday, putting it on track for its worst day since the early days of the COVID-19 pandemic in March 2020. Investors and analysts said GM’s outlook is clouded by United States President Donald Trump’s threats of tariffs and reduced support for electric vehicles.
Trump on Monday evening again threatened tariffs on a broad array of goods, including steel, aluminium and copper, all materials critical to building automobiles. He has also threatened heavy levies on allies Mexico and Canada, which are key to the US automotive supply chain.
Load More
Yorumlar
Kalan Karakter: