Stock Track | General Motors Plunges 5.48% as Trump's Mexico and Canada Tariffs Spook Investors

Stock Track09:02

General Motors (GM) stock plummeted 5.48% in pre-market trading on Sunday, as investors grew increasingly concerned about the potential impact of President Donald Trump's newly imposed 25% tariffs on imports from Mexico and Canada on the automaker's business.

The tariffs, announced by Trump over the weekend, are particularly concerning for the auto industry as millions of cars sold in the U.S. each year are assembled in Mexico or Canada. GM relies heavily on an integrated supply chain across North America, with a significant portion of its vehicle parts sourced from these countries.

Analysts warn that the tariffs could lead to higher costs and supply chain disruptions for GM, ultimately weighing on the company's profitability and financial performance. The uncertainty around the trade policies and their potential impact on the auto industry has made investors jittery, prompting a sell-off in GM shares.

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