The Surprising Auto Stock Most Resilient to Tariffs
Given how much news is swirling about this month regarding tariffs, you have likely heard about the 25% tariffs that the Trump administration slapped on all imported vehicles that began last week. On top of those steep import taxes, next month is scheduled to bring another 25% tariff on all automotive parts shipped in from outside the U.S. market.It's a huge move, and potentially a very costly one for the automotive companies and for their customers. It has shaken the industry and sent many automotive stocks spiraling downward. Well, all except for one or two, including the often-overlooked Ferrari (NYSE: RACE).It takes only a glance at year-to-date stock prices to see how devastating the tariff announcements have been.Continue reading
Given how much news is swirling about this month regarding tariffs, you have likely heard about the 25% tariffs that the Trump administration slapped on all imported vehicles that began last week. On top of those steep import taxes, next month is scheduled to bring another 25% tariff on all automotive parts shipped in from outside the U.S. market.
It's a huge move, and potentially a very costly one for the automotive companies and for their customers. It has shaken the industry and sent many automotive stocks spiraling downward. Well, all except for one or two, including the often-overlooked Ferrari (NYSE: RACE).
It takes only a glance at year-to-date stock prices to see how devastating the tariff announcements have been.
