‘Detroit Three’ Stocks Extend Decline Amid Trump’s Auto Tariffs

Wall Street continues broader downturn as traders weigh the administration’s trade policy changes.

Ford CEO Jim Farley speaks at a news conference in Romulus, Mich., on Feb. 13, 2023. Bill Pugliano/Getty Images

Shares of the “Detroit Three” slumped as investors continued digesting President Donald Trump’s tariffs on foreign automobiles and car parts.

Ford Motor Co.’s stock price fell by 2.5 percent during the March 28 trading session and was poised for a weekly loss of about 4 percent. General Motors shares tumbled by more than 1 percent, on track for a weekly drop of nearly 9 percent.