Wall Street’s large stock indices fell after Donald Trump said he was setting new duties for cars and parts of the car to bring to the United States.
Dow Jones, followed by large companies, fell by 0.4 per cent, the large -scale S&P 500, which followed large companies, decreased by 0.3 per cent and the technology -focused NASDAQ decreased by 0.5 per cent.
As a rule, the stock market went without a uniform direction. For example, in large technology companies Apple rose 1.0 percent and Nvidia decreased by 2.0 percent.
Trump announced that the United States will begin to charge a 25 % import duties on all vehicles imported from abroad, foreign car spare parts, and car parts such as engines and electronic components.
The customs will take effect on Wednesday, April 2, when Trump has been about to tell about new duties.
Customs news pressed the stock prices of US car manufacturers. General Motors fell by 7.3 percent, Stellantis and Ford 3.9 %. Instead, this year, the electric car company that had fallen this year Tesla rose by 0.4 percent. The company is expected to benefit from the coming due to domestic production.
Luxury car maker Ferrari said that it raises their prices in the United States due to duties. The United States is the biggest market for a car manufacturer, and raising prices for tens of thousands of dollars do not believe that the sale of high -cost cars is frightened.
The company said the duties would affect its profit margin, but there is no need to change the guidance. The stock quoted in the US company in the United States rose by 3.2 per cent.
There was also positive financial data from the United States. GDP was said to have increased slightly more than expectations during October and December.