05:57 AM EDT, 03/27/2025 (MT Newswires) -- Toyota Motor ( TM ) General Motors ( GM ) , Ford Motor ( F ) , Honda Motor ( HMC ) , and Stellantis ( STLA ) shares were down in premarket trading on Thursday following US President Donald Trump's imposition of a 25% tariff on imported cars and auto parts.

Shares of General Motors ( GM ) were down 6.6%, Ford nearly 3%, Toyota ( TM ) and Honda ( HMC ) around 2%, and Stellantis ( STLA ) 0.5%.

Trump said the tariffs on the imports will come into effect April 2.