Wall Street dips on weak earnings, renewed trade jitters [Reuters]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Reuters
Wall Street dips on weak earnings, renewed trade jitters | Reuters 5 Min Read NEW YORK (Reuters) - U.S. stocks slipped on Thursday after earnings disappointed and trade jitters intensified on fears that the European Union could slap retaliatory tariffs on goods imported from the United States. Officials from the EU Trade Commission are said to be preparing a list of tit-for-tat trade actions in response to proposed U.S. tariffs on EU cars ahead of next week’s talks in Washington. Automakers said tariffs on U.S. cars and car parts could raise vehicle prices by $83 billion annually. Ford Motor Co ( F.N ) and General Motors Co ( GM.N ) were down 0.5 percent and 1.0 percent, respectively. “We’ve already started to feel the effect of the counter-tariffs,” said Oliver Pursche, chief market strategist at Bruderman Asset Management in New York. “No one’s ever won a multi-front war,” Pursche added. “And that’s what we’re engaging in right now.” Manufacturers in all 12 districts of the U.S.
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