China may slash auto tariffs — a huge win for Trump — and auto stocks are moving
Shares of General Motors, Ford and Tesla jump after Bloomberg News reported that China is moving toward cutting tariffs on autos made in the U.S. Trump tweeted earlier this month that China had agreed to lower the tariffs. Shares of General Motors and Ford jumped on Tuesday on a Bloomberg News report that China is moving toward cutting tariffs on autos made in the U.S.