Tata Motors Stock Crash 6% today after 25% US Tariff
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Tata Motors Stock Crash almost 6% Today after Donald Trump’s proposed 25 percent tariff on imported cars and light trucks would take effect next week.
Indian Auto Stocks Crash by almost 7% today. Smavardhana Motherson, Tata Motors, Eicher Motors, and Sona BLW stocks are under pressure due to this tariff hike.
For Tata Motors subsidiary Jaguar Land Rover (JLR), the US is a Very Important Market because 22% of its revenue comes from there. With this 25% Tariff hike, JLR cars would be much more expensive, which would affect demand. Jaguar Land Rover (JLR) sold its cars in the US, and those cars were manufactured in the UK, which led to their falling into the 25% tariff Category.
Donald Trump’s Moves started the trade wars among the countries, and more announcements will come on 2nd April. Reports suggested that not all tariffs will be applied, but still, there is no clarity on which countries or sectors might be exempt.
