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President Donald Trump's tariff announcement was arguably worse than Wall Street's worst-case scenario—and General Motors stock is paying the price.
U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.2% on Thursday.
Dan Levy, Barclays senior equity research analyst, joins 'Squawk Box' to discuss President Trump's 25% tariff on all cars and trucks manufactured outside the U.S., impact on the auto industry, and more.
Mary Lovely, Senior Fellow at the Peterson Institute for International Economics, shares her thoughts on what to expect from President Trump as he is set to announce new auto tariffs. Mary talks about how these new auto tariffs could work in conjunction with the tariffs President Trump has already announced, and if Europe will retaliate and place tariffs on US products.
Tesla stock was rising in premarket trading Thursday, which looked set to be a bad day for the autos sector.
What matters in U.S. and global markets today
Sarah Bianchi, Evercore ISI public policy chief strategist, joins 'Squawk Box' to discuss President Trump's new auto tariffs, what to expect from the rest of Trump's tariff agenda, impact of policy uncertainty, how the world is responding to President Trump, and more.
Sevasti Balafas, CEO of GoalVest Advisory, discussed auto tariffs, recession risks, and market sentiment. She emphasized diversification and recommended Progressive Insurance as a defensive stock.
President Donald Trump has signed an executive order imposing 25% tariffs on all foreign-made cars, light trucks, and specific auto parts, set to take effect on April 2. The White House estimates the new duties could generate $100 billion annually.
Crude oil prices edge higher as U.S. auto tariffs and falling inventories tighten supply. Market eyes key resistance levels for WTI and Brent crude.