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How Auto Stocks Are Reacting to Trump’s Tariffs

John Parker
How Auto Stocks Are Reacting to Trump’s Tariffs

Last week (ended June 15), the broader market traded on a mixed note, while the S&P 500 didn’t change notably. On June 15, Donald Trump announced the imposition of tariffs on Chinese imported goods worth $50 billion. These tariffs could hurt US-China trade relations and the auto industry. Last week, auto investor sentiment seemed to be affected as mainstream automaker stocks ended the week in negative territory. Let’s take a closer look.