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%.
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