06:25 AM EDT, 04/07/2025 (MT Newswires) -- Shares of major automakers extended losses in premarket trading Monday following China's announcement Friday of 34% retaliatory tariffs on US goods.

General Motors ( GM ) fell 3.8%, Stellantis ( STLA ) lost 6.8%, and Tesla (TSLA) declined 4% prebell.

In early trading, Ford (F) fell 1.5%, while Toyota Motor ( TM ) dropped 1.7%.