Why GM stock is getting hit the hardest by Trump auto tariffs
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General Motors (GM) experienced a significant stock decline of approximately 9% following President Trump's announcement of new auto import tariffs. The sharp drop is attributed to GM's substantial manufacturing presence in Canada and Mexico, with around 30% of its U.S. vehicles assembled in these countries during the first three quarters of 2024.
March 27, 2025 | 3:15 pm
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GM's significant manufacturing footprint in Canada and Mexico makes it particularly vulnerable to Trump's new auto import tariffs, potentially increasing production costs and impacting profit margins.
The high percentage of vehicles manufactured outside the US exposes GM to potential increased costs from tariffs, which could directly impact profitability and stock performance.
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