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Stock impact report

UAW president applauds Trump administration for tariffs on foreign-made cars, says it ends "free trade disaster" [CBS News]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: CBS News
Mr. Trump announced on Wednesday that he would impose tariffs on automobiles and light trucks imported into the United States. The tariffs, he said, would go into effect on April 2, and the U.S. would start collecting the duties the following day. Mr. Trump said he believes the new import duty could raise between $600 billion and $1 trillion in revenue over the next two years, adding that the used. White House officials predicted roughly $100 billion in revenue. "This will continue to spur growth like you haven't seen before," Mr. Trump said from the Oval Office Wednesday afternoon. "We'll effectively be charging a 25% tariff. But if you build your car in the United States, there is no tariff." "We applaud the Trump administration for stepping up to end the free tra Read more
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