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Vehicles are parked in lots at the Toyota Motor Manufacturing plant in Cambridge, Ontario, Canada, March 13, 2025. REUTERS/Carlos Osorio.
Shares of U.S. automakers tumbled in premarket trading on Thursday after U.S. President Donald Trump said he would impose 25% tariffs on all vehicles and foreign-made auto parts imported into the United States.
Shares in Ford dropped 4.3%, General Motors fell 6.5% and Tesla was down 2.2% by 4:11 a.m. ET.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Mrigank Dhaniwala)
