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STOCKS

Carmakers hold thousands of cars at U.S. ports, FT reports

TheFly

Carmakers are holding thousands of vehicles at U.S. ports while temporarily halting shipments as they seek to minimize the fallout from President Donald Trump’s trade war, Patricia Nilsson, Oliver Telling, Kana Inagaki, and Arjun Neil Alim of The Financial Times reports. Additionally, some manufacturers have started delaying their stock’s entry into the U.S., three executives told the Times. One executive warned American ports are set to “fill up fast” in a few weeks if U.S. tariffs are not softened. Publicly traded companies in the space include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz (MBGYY), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).

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