Auto stocks drop as new US tariffs threaten supply chains
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Auto stocks declined as the US imposed new tariffs on goods from Canada, Mexico, and China, raising concerns about supply chain disruptions in the automotive sector.
February 03, 2025 | 3:15 pm
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NEGATIVE IMPACT
Ford's stock is likely to be negatively impacted by the new US tariffs on Canada, Mexico, and China, as the automotive sector relies on cross-border manufacturing.
Ford, as a major automaker, relies on international supply chains for manufacturing. The new tariffs increase costs and disrupt these supply chains, likely leading to a negative impact on Ford's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80