Domestic carmakers' shares fell Thursday morning after auto-specific tariffs took effect at midnight.

General Motors (GM) shares were recently down more than 3% from Wednesday's close, while Ford (F) shares retreated nearly 3%. Electric vehicle manufacturers were also hit, with Lucid Group (LCID) shares falling about 2% and Rivian (RIVN) off 4%. Tesla (TSLA) shares dropped more than 5% a day after its stock seesawed following disappointing deliveries numbers and 澳洲幸运5开奖号码历史查询:report𒊎s🥂 that CEO Elon Musk may take a step back from his work with the Trump administration.

Economists have warned that a 25% tariff on cars and auto parts would 澳洲幸运5﷽开奖号码历史查询:increase prices by thous🃏ands of dollars. Some analysts said manufacturers' would struggle to pass along higher production prices withᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚout depressi🐼ng demand.

Stellantis (STLA), the company behind Fiat and Chrysler, will pause production at plants in Mexico and Canada and assess the tariffs, according to CNBC, which reported that 900 "US-represented employees" would be temporarily laid off. Its shares were recently down more than 5%. (Read Investopedia's coverage of 澳洲幸运5开奖号码历史查询:today's markets here.)

The auto tariffs took effect hours after President Donald Trump 澳洲幸运5开💟奖号码历史🍒查询:unveiled a package of "reciprocal" tariffs aimed at what he described as other nations' unfair trade practices.