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Auto sector reeling after Mexico tariff warning – First Trust NASDAQ Global Auto Index ETF (NASDAQ:CARZ)



Car maker shares are traded lower after President Trump's threat to apply a 5% tariff on imports from Mexico threatens the supply chain and sees a cut in sales volume due to prices higher for the consumer.

General Motors (NYSE: GM) is down 4.68% premarket, while Ford (NYSE: F) is off 3.70%. Fiat Chrysler Automobiles (NYSE: FCAU) is down 5.52% in the early session. Even Tesla (NASDAQ: TSLA), which produces in the United States, is retiring 1.65%.

Japanese automakers are also in danger due to the number of parts bouncing between the US. UU And Mexico before the final badembly of the car. Honda (NYSE: HMC) is down 2.98% premarket, while Toyota (NYSE: TM) is 1.54% less. In the Tokyo trade, Nissan (OTCPK: NSANY) fell 5.31% and Mazda (OTCPK: MZDAY) was of 7.13%.

Related ETFs: CARZ


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