The tariffs escalate a global trade war, prompting forecasts of higher car prices.
U.S. stocks slid on Thursday in the first trading since President Donald Trump announced 25% auto tariffs, escalating a global trade war and prompting forecasts of higher car prices.
The Dow Jones Industrial Average fell 250 points, or 0.5%, while the S &P 500 dropped 0.5%. The tech-heavy Nasdaq declined 0.6%.
Shares of major U.S. automakers plunged in early trading. General Motors dropped more than 8%, while Ford fell nearly 3%.
