Stock futures were mostly higher Thursday even as President Donald Trump slapped 25% tariffs on all cars made outside of the United States, leading to worries over what the trade war will mean to the U.S. and global economies.

These stocks were poised to make moves Thursday:

Tesla was up 0.1% in premarket trading after the president said there was “absolutely no tariff” for cars made in the U.S. Will Scharf, a White House aide, said the new tariffs would apply to “foreign made cars and light trucks.” Electric-vehicle company Tesla assembles all the cars it sells in the U.S. within the country but does source parts from other countries that would be subject to tariffs. Shares of the electric-vehicle company declined 5.6% on Wednesday and ended a five-session winning streak.

Traditional auto makers General Motors, Ford, and Jeep makerStellantis tumbled following the tariffs announcement. Barron’s has noted that GM assembles about 55% of the cars it sells in the U.S. inside the country’s borders, the same as Stellantis, while the figure for Ford is about 80%. GM was down 6.6% in premarket trading, Ford slumped 3%, and Stellantis declined 1.9%.

Technology stocks fell significantly on Wednesday and pointed lower in premarket trading following a recent rebound. Super Micro Computer, the maker of artificial-intelligence servers, was down 0.1% after dropping 8.9% on Wednesday, while Nvidia, the leading maker of AI chips, fell 0.6% in premarket trading after finishing down 5.7% in the previous session. The U.S. added about 80 companies, including more than 50 in China, to its export control list, which requires government approval before the companies can buy American technology. “Nvidia getting ensnared in the U.S.-China trade dispute is a negative development,” Gil Luria, a D.A. Davidson analyst, told MarketWatch in an email.

GameStop tumbled 6.9% after announcingplans for a private offering of $1.3 billion in convertible senior notes, aiming to use the proceeds for general corporate purposes, including to invest inBitcoin. The company said Tuesday that its board approved “the addition of Bitcoin as a treasury reserve asset.” Shares rose 12% on Wednesday.

NIO announced that it proposes to offer up to 118,793,300 Class A ordinary shares of the Company in offshore transactions outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act of 1933, as amended, subject to market conditions and other factors. The shares sank 6%.

Jefferies Financial reported fiscal first-quarter earnings of 57 cents a share, down from 69 cents a year earlier. The company said it experienced a “meaningful decline in asset management investment return compared to the prior-year quarter,” adding that “capital markets have become increasingly more challenging due to the uncertainties that have arisen around U.S. policy and geopolitical events.” The stock declined 5.3%.

Fiscal first-quarter adjusted earnings and revenue at Concentrix were better than expected and the technology company raised its fiscal-year revenue projections. The stock jumped 5.3%.

Verint eclined 11.2% after the software company posted fiscal fourth-quarter adjusted earnings that missed analysts’ estimates and issued a fiscal-year forecast that also was below consensus.

Adhesives manufacturer H.B. Fuller rose 4.2% after reporting fiscal first-quarter earnings and revenue that fell from a year earlier but beat Wall Street estimates.

Steelcase, the office-furniture company, jumped 11% after fiscal fourth-quarter earnings and revenue topped Wall Street forecasts. Steelcase also issued guidance for the first quarter that was better than expectations.

Earnings reports are expected Thursday from Lululemon Athletica, TD Synnex, Braze, and Winnebago Industries.