US auto stocks tumble premarket after Trump's tariffs

Forward Industries

27/03/2025 08:02

March 27 (Reuters) - Shares of U.S. automakers tumbled in premarket trading on Thursday after U.S. President Donald Trump said he would impose 25% tariffs on all vehicles and foreign-made auto parts imported into the United States.

Shares in Ford F.N dropped 4.3%, General Motors GM.N fell 6.5% and Tesla TSLA.O was down 2.2% by 4:11 a.m. ET.

 (Reporting by Sruthi Shankar in Bengaluru; Editing by Mrigank Dhaniwala)

 ((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))