Keep an eye on these auto stocks as Trump threatens Mexico with tariffs
The threat of higher tariffs on Mexican imports has shaken the auto industry, with the topmost would-be tariff deemed to be crippling to car makers and auto-parts makers’ bottom line and demand, several Wall Street analysts said.
For auto makers, there would be a “large financial impact and uncertainty from the tariffs,” as all major makers import a considerable portion of the vehicles they sell in the US from Mexico, analysts at Deutsche Bank said in a recent note. “Ultimately, however, we believe the tariffs on vehicles would undoubtedly be passed on to consumers, which would raise the price of vehicles sold in the US by an average of about $1,300,” bringing down demand, they said.
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