Pras Subramanian

1 week ago | ca.finance.yahoo.com | Pras Subramanian

Auto stocks jumped on Monday afternoon after President Trump hinted tariff relief might be coming. “I’m looking at something to help some of the car companies, where they’re switching to parts that were made in Canada, Mexico, and other places, and they need a little bit of time because they’re going to make them here,” Trump said, adding that “they need a little bit of time, so I’m talking about things like that.” Read more about auto stock moves and today's market action.

1 week ago | ca.finance.yahoo.com | Pras Subramanian

China’s suspension of critical rare earth minerals exports to the US could become a major headache for US companies, particularly automakers like Tesla (TSLA), GM (GM), and Rivian (RIVN). Per the New York Times and Reuters, China ordered restrictions on exports of six rare earth metals that are only refined within the country on April 4.

1 week ago | yahoo.com | Pras Subramanian

Tesla is updating its model lineup both in China and the US due to tariffs and demand issues. Tesla removed the “order” button from its China website for the Model S sedan and Model X SUV, which are higher-end Tesla EVs that are built at its factory in Fremont, Calif. The move comes after China raised its tariffs on US imports to 125% from 84%. Chinese customers can still purchase the vehicles from existing inventory in the country.

2 weeks ago | sg.finance.yahoo.com | Pras Subramanian

In this article: UBS is getting bearish on General Motors (GM) and President Trump’s 25% auto tariffs are to blame. UBS downgraded GM to Neutral from Buy and lowered its price target to $51 from $64, claiming tariff impact will result in weaker sales and higher costs. “The impact to the economy and the consumer from broader tariff/trade/economic policy is not clear ...

2 weeks ago | ca.finance.yahoo.com | Pras Subramanian

In This Article: Auto stocks fell victim to more trade war escalation as China said it will raise its tariff on US goods to 84%, in retaliation to President Trump’s tariffs tit-for-tat strategy on Chinese imports that kicked in on Wednesday. Beijing’s latest move comes after Trump followed through on a threat to add a 50% tariff on Chinese goods, in addition to 34% reciprocal tariffs, raising the overall tariff rate on Chinese goods to 104%.