Presidential post

Trump threatens GM with a "big border tax" — the stock barely flinches

When: 03 Jan 2017 Confidence: Pending Review Market window: ±nulld ⇄ Cascade map

Jan 3, 2017: Trump threatened a "big border tax" on General Motors over a Mexican-made Chevy Cruze. Unlike the defense-stock cases, the market shrugged — GM (GM) dipped less than 1% in premarket trading and recovered the same day, partly because only about 4,500 of those hatchbacks were actually sold in the U.S. in 2016. The honest counter-example: a presidential attack does not automatically move its target, and this desk shows the misses alongside the hits. (Sources: CNBC, CNN Money, Reuters,

Source: https://www.cnbc.com/2017/01/03/trump-blasts-general-motors-make-chevy-cruze-make-in-us-or-pay-big-border-tax.html

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