GM (GM) Among the Worst Performers Following Trump's Tariff Threat on Mexico
(Updated - May 31, 2019 6:48 AM EDT)
GM (NYSE: GM) declined 4.7% pre-market Friday, while Ford Motor (NYSE: F) was down 3.7%. Weakness followed Trump's threat of tariffs on all goods coming from Mexico. Major indexes also declined, with the Dow, Nasdaq, and S&P futures down between 1% and 1.5%.
The tariff "will gradually increase until the Illegal Immigration problem is remedied," Trump said.