Latest Trump Tariff News Hits Automaker Stocks, Foreign Shares | Global News Avenue

The latest trade news from the next Trump administration has rattled markets, hitting shares of major automakers and those of America’s neighbors.

Canadian and Mexican stocks fell on Tuesday after news that President-elect Donald Trump said he would take action impose high tariffs Import from these countries. iShares MCSI Mexico (electronic world) and Canada (electronic world center) exchange-traded funds have recently fallen nearly 3% and 1%, respectively.

European stock indexes have been mostly lower recently. S&P 500 Index Higher recently.

Stocks reacting to the news included some of the largest global automakers. General Motors (General Motors), which manufactures many of its vehicles in Mexico, has recently seen prices drop more than 8%, while Ford (F) shares fell 2.5%. Strantis (STLA) fell by more than 5%. Volkswagen and Porsche both fell about 2% on German stocks.

The Mexican peso and Canadian dollar weakened against the U.S. dollar.

Trump also said he plans to impose a 10% tariff on goods from China. The Nasdaq Golden Dragon Index of U.S.-listed Chinese stocks recently fell about 1%.