Former President Donald Trump Says We Will Put A 100% Tariff On Every Single Car Coming Across The Mexican Border
Portfolio Pulse from Benzinga Newsdesk
Former President Donald Trump announced a plan to impose a 100% tariff on every car coming across the Mexican border. This could impact US-listed automotive companies and ETFs with exposure to the automotive sector.
September 24, 2024 | 5:17 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The iShares MSCI Mexico ETF (EWW) could be negatively impacted by Trump's proposed 100% tariff on Mexican cars, affecting Mexican exports.
EWW, which tracks Mexican equities, could be negatively impacted by reduced automotive exports due to the proposed tariff, potentially affecting its performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Ford could be impacted by Trump's proposed 100% tariff on cars from Mexico, as it may affect their supply chain and production costs.
Ford has manufacturing operations in Mexico, and a 100% tariff could increase costs and disrupt supply chains, negatively impacting their stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
General Motors could see increased costs and supply chain disruptions from a 100% tariff on Mexican cars, affecting their profitability.
General Motors has significant operations in Mexico, and the proposed tariff could lead to higher costs and supply chain issues, potentially lowering their stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stellantis may face challenges from Trump's proposed 100% tariff on Mexican cars, impacting their operations and costs.
Stellantis, with its operations in Mexico, could see increased costs and operational challenges due to the proposed tariff, potentially affecting their stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Tesla might experience indirect effects from the proposed 100% tariff on Mexican cars, as it could alter competitive dynamics in the automotive market.
While Tesla does not have significant manufacturing in Mexico, changes in market dynamics due to tariffs could indirectly affect its competitive position.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50