General Motors Co. (NYSE: GM) stock had a stellar 2024, rising nearly 50%. The company was outperforming all its peers like Ford Motor Co. (NYSE: F) and Stellantis N.V. (NYSE: STLA) in the auto/tires/trucks sector firing on all pistons, but shares are down 9.2% year-to-date (YTD). Fears of the negative impacts of Trump’s tariffs and executive orders continue to plague the stock. The levying of 25% steel and aluminum imports is expected to drive up new car prices by an additional $1,000 to $9,000, further stifling demand.
The executive orders aimed at revoking Biden’s “EV mandates” and the potential for new automotive tariffs in April are also of concern for investors, asking them to ponder what kind of impact it will have on General Motors business moving forward.
