(Total Views: 131)
Posted On: 06/07/2019 7:02:50 AM
Post# of 27339
MARKETS
Shares of US automakers plunge because they have major production in Mexico
PUBLISHED FRI, MAY 31 2019 7:23 AM EDTUPDATED FRI, MAY 31 2019 4:17 PM EDT
Michael Sheetz
@THESHEETZTWEETZ
KEY POINTS
President Donald Trump announced that the U.S. will impose a 5% tariff on goods imported from Mexico on June 10.
The big three automakers each have billions of dollars at stake due both production and suppliers in Mexico.
Shares of General Motors, Fiat Chrysler and Ford dropped in trading Friday.
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