• Wion
  • /World
  • /Auto shares slump after US tariff announcement

Auto shares slump after US tariff announcement

The American President indicated that the auto tariffs are apart from like-for-like levies that he's been pledging to impose. Auto stocks fell on Thursday as the US is pushing ahead with some harsh tariffs on automakers and threatened more sweeping trade taxes, reinforcing investor concern about the hit to global economic growth.