In This Article:
President-elect Donald Trump's newly proposed tariffs against Mexico could hit major automakers Ford (F), General Motors (GM), and Stellantis (STLA), as all three have manufacturing plants across the region.
"A car purchase is one of the highest optical purchases you could possibly make, I think second to your house. If we see car pricing which is already high, go up even further, I think that would be optically negative," RBC Capital Markets Global Autos Analyst Tom Narayan tells Seana Smith and Madison Mills on Catalysts.
The analyst outlines the stock pressure this could have on the Big Three automakers, and what tariffs could mean for Tesla (TSLA).
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
This post was written by Luke Carberry Mogan.
