STLA Stock Recent News

Trump's 25% auto tariff shook markets, hitting stocks and sparking fears of a global trade war. UAW backed the move, while Tesla and foreign automakers warned of higher costs and job risks.

President Donald Trump said he would place 25% tariffs on "all cars that are not made in the United States." The tariffs apply to imported passenger vehicles and light trucks, as well as key automobile parts including engines and transmissions, the White House said in a fact sheet.

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.

Tesla TSLA-5.58% stock was falling in early trading on Thursday—which looks set to be a bad day for the autos sector.

Auto stocks have remained under pressure after Donald Trump announced new tariffs on the industry. All cars entering the US from friendly and foe countries will receive a 25% tariff, a move that will hurt most companies.