Foreign automaker stocks slide on Trump tariff fears

Trump has regularly said he will increase tariffs on new vehicles from China, Europe and Mexico, where many automakers have established manufacturing hubs.

DETROIT — Stock prices of foreign automakers, including Chinese and German manufacturers, fell sharply on Wednesday amid concerns the U.S. willon many products, including new cars and trucks from China, Europe and Mexico, where many automakers, including Europeans, have established manufacturing hubs.also were down during intraday trading by roughly 1% and 9%, respectively. Both also reported declines in quarterly earnings earlier in the day.

"That is a big impact," he said when discussing the company's most recent financial results."It is not just Honda. … All of the companies are subjected to the same situation. And, in short, I wouldn't think that the tariff will be imposed soon."Most major automakers have factories in the U.S. However, they still heavily rely on imports from other countries, including Mexico, to meet U.S. consumer demand.

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