March 26 (Reuters) - U.S. President Donald Trump said

late on Wednesday the United States will effectively charge a

25% tariff on all cars not made in the country and added that

the new tariffs on cars and light trucks imported into the

United States will be permanent.

Shares of General Motors ( GM ) and Ford fell in

extended trade after Trump's announcement, while shares of Tesla

initially fell then bounced after the President said

tariffs could be neutral for Tesla.

COMMENTS:

CHUCK CARLSON, CHIEF EXECUTIVE OFFICER, HORIZON INVESTMENT

SERVICES, HAMMOND, INDIANA

"I've been kind of suspect on all the tariff talks in terms

of what is going to last, what is a negotiation, what is going

to be pulled at the last minute. My initial reaction was this

tariff might have some legs."

"There's probably going to be some exemptions or

modifications for some of the U.S. automakers... I could see the

U.S. automakers getting some exemptions based on their supply

chains. But I think he may want to see how this works out as

opposed to stopping it in two or three days. That's my initial

reaction, that this particular tariff might have legs in terms

of its longevity."

(Compiled by the Global Finance & Markets Breaking News team)