GM, Ford stocks rise amid US probe of auto imports

Stocks for domestic auto companies rose as U.S. investigators look into whether foreign car imports threaten national security interests, according to CNBC.

Advertisement

Shares of Ford rose 0.6 percent and General Motors rose 0.5 percent after news of the investigation came out May 24.

President Donald Trump has discussed imposing a 25 percent tariff on auto imports, according to The Wall Street Journal.

More articles on business:

Comcast plans to outbid $52B Disney offer for Fox
Trump cools trade war with China, but other nations plan nearly $3.5B in tariffs on U.S. goods
J.C. Penney stock dips on news of CEO’s exit for Lowe’s

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Capital

Advertisement

Comments are closed.