{"id":5617,"date":"2025-03-27T14:22:47","date_gmt":"2025-03-27T14:22:47","guid":{"rendered":"https:\/\/firearmman.com\/?p=5617"},"modified":"2025-03-27T14:22:49","modified_gmt":"2025-03-27T14:22:49","slug":"us-stocks-slide-in-1st-trading-since-trumps-auto-tariffs-announced","status":"publish","type":"post","link":"https:\/\/firearmman.com\/?p=5617","title":{"rendered":"US stocks slide in 1st trading since Trump’s auto tariffs announced"},"content":{"rendered":"
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U.S. stocks slid on Thursday in the first trading since President Donald Trump announced 25% auto tariffs<\/a>, escalating a global trade war and prompting forecasts of higher car prices.<\/p>\n

The Dow Jones Industrial Average fell 250 points, or 0.5%, while the S&P 500 dropped 0.5%. The tech-heavy Nasdaq declined 0.6%.<\/p>\n

Shares of major U.S. automakers plunged in early trading. General Motors dropped more than 8%, while Ford fell nearly 3%. Stellantis — the parent company of Jeep and Chrysler — declined 4%.<\/p>\n

Tesla, the electric carmaker led by Trump-advisor Elon Musk, bucked the trend. Shares of Tesla ticked up 1.5% in early trading on Thursday.<\/p>\n

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, March 26, 2025.<\/span><\/span><\/span><\/p>\n

Brendan Mcdermid\/Reuters<\/span><\/p>\n<\/div>\n<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n

The 25% tariffs will be applied to imported passenger vehicles, including cars, SUVs, minivans, cargo vans and light trucks, according to a White House fact sheet released after Trump’s Oval Office remarks. The tariffs will take effect on April 3.<\/p>\n

The tariffs will also be applied to key imported auto parts, including engines, powertrain parts and electrical components.<\/p>\n

The auto tariffs are set to target a sector that employs more than a million U.S. workers and relies on a supply chain intricately intertwined with Mexico and Canada.<\/p>\n

Canadian Prime Minister Mark Carney on Wednesday called the measure “a direct attack on our workers.” The Canadian government plans to review its trade options, Carney said.<\/p>\n

This is a developing story. Please check back for updates.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

U.S. stocks slid on Thursday in the first trading since President Donald Trump announced 25% auto tariffs, escalating a global trade war and prompting forecasts of higher car prices. The Dow Jones Industrial Average fell 250 points, or 0.5%, while the S&P 500 dropped 0.5%. The tech-heavy Nasdaq declined 0.6%. Shares of major U.S. automakers […]<\/p>\n","protected":false},"author":1,"featured_media":5618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-5617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-news"],"_links":{"self":[{"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/posts\/5617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/firearmman.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5617"}],"version-history":[{"count":1,"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/posts\/5617\/revisions"}],"predecessor-version":[{"id":5619,"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/posts\/5617\/revisions\/5619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/media\/5618"}],"wp:attachment":[{"href":"https:\/\/firearmman.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/firearmman.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/firearmman.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}