Reported about 12 hours ago
US stocks fell Friday, led by declines in auto manufacturers and companies with significant exposure to China, as President Trump prepares to impose tariffs of 25% on Mexico and Canada and a 10% tariff on China. Analysts predict that these tariffs could severely impact the automotive sector, with companies like General Motors and Ford facing significant earnings risks. Meanwhile, sectors heavily reliant on trade with China, including chipmakers and industrials, are also expected to face challenges from the impending tariffs.
Source: YAHOO