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Both European and American automakers are seeing their shares take a hit from President Trump's decision to put a 25% levy on vehicles and some auto parts imported into the US.
There are a couple of auto stocks moving higher though. Both Tesla and Rivian are trading higher given how much of their production is in the United States.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's market minute. Stocks pairing earlier losses, turning positive as investors navigate those changing tariff policies. European automakers still under pressure after President Trump announced 25% tariffs on all foreign cars. That's going to effect April 3rd. Porsche and Mercedes-Benz group facing a potential $3.7 billion blow off those tariffs. And shares of American automakers falling sharply. GM, Ford, Stellantis, all build a portion of their vehicles in Canada, Mexico and China. Investors anticipating higher production costs for those car makers. Meantime, Tesla and Rivian moving to the upside. The EV makers potentially better positioned as they assemble their vehicles in the United States. Analysts at Bernstein saying Tesla is the quote, "clear structural winner", citing strong market share and better insulation from trade risk. That's your Yahoo! Finance's market minute. For more on what's trending, scan the QR code to track the best and worst performing stocks of the session.
