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General Motors Newsroom
Tesla's Cybertruck Horn Is Transforming, So Is Its Self-Driving Strategy
Troubles within and without for American car manufacturers: Trump's tariffs and the "price war" in the China car market.
Tariffs may lead to price increases and a decrease in demand. Meanwhile, the fierce price competition in the china automotive industry will pose challenges for usa car companies' operations in china.
The Trump economic team may have internal discord, and the key agenda still needs the "understanding king" to make the final decision!
Analysts state that the Trump team's characterization of the economic policy as 'the opponent team' is almost accurate, and the strong opposition between Besant and Lutnik has been publicly reported.
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US stocks mining | Nuclear energy stocks collectively rise! CEG's annual increase is nearly 130%; aerospace stocks celebrate together! SpaceX's formidable rival Rocket Lab has surged over 360% this year.
Hundred-billion collaboration agreement finalized! Biotechnology company sarepta therapeutics surged nearly 14% overnight, approaching a three-month high; Medical reimbursement limit increased! Medical diagnostic company exact sciences rose 9% last night.
Not only european auto manufacturers, general motors (GM.USA) and other american counterparts will also be affected by Trump's tariff "big stick".
The incoming president of the usa, Trump, plans to impose a 25% tariff on all autos imported from Mexico and Canada, which could impact the profits of auto manufacturers in the usa.
Leaked BYD Letter Signals China EV Price War Is Set to Intensify
Trump's tariff stick shocks the market, General Motors falls 9%, how do Ford and others escape it?
Trump's tariff policies impact the North American auto industry, general motors' stock prices plummet, while Ford's 'made in the usa' global strategy has less effect.
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As soon as Trump raised the tariff stick, the North American metal and auto industries were already hit.
On Monday, Eastern Time, President-elect Trump of the United States announced his plan to impose tariffs of up to 25% on imports from Mexico and Canada after taking office, triggering immediate reactions in the forex market. The US dollar rose more than 2% against the Mexican Peso, reaching a four-year high against the Canadian Dollar. Trump's move aims to address illegal immigration and drug issues, but analysts widely believe that this tariff policy may have profound implications for the economies of the USA and its neighboring countries.
Lifting a rock to smash one's own foot! As soon as the threat of tariffs from Trump emerged, the stock prices of usa automotive giants plummeted.
① The usa's incoming president Trump threatened to impose a 25% tariff on imported commodities from Mexico and Canada, causing shares of major us autos companies to plummet, with general motors falling nearly 9%. ② The tariffs may harm employment in both the usa and Mexico, and deal a blow to us consumers, which is undoubtedly Trump "lifting a rock only to drop it on his own foot."
US stocks closed | The three major indices rose together, with Dow Jones and S&P hitting new highs; tariff threats dragged down auto stocks, general motors fell 9%
Waiting for PCE inflation, the Fed's November minutes support gradual rate cuts, temporarily suppressing US bond yields and the dollar while gold rallies. The Dow turns higher at the end of the day, hitting new highs for three consecutive days, while small cap stocks fall from the highest level in six days, with chip stocks down more than 1%, but nvidia rebounds by 0.7%. Tesla reverses its decline, Nio falls by 7.7%, Amgen's weight loss drug once fell by more than 12%, and Dell falls more than 9% after hours.