Automakers Take Hit on Wall Street After News of Tariffs

American automakers are already feeling the sting on Wall Street after the president announced new tariffs on metals required by their industry.
According to President Donald Trump, the Commerce Department is preparing to impose a 25-percent tax on imported steel and a 10-percent tax on aluminium.
Shares for Detroit's big three took a hit as Wall Street took a dive following the news.
General Motors shares are down 4-percent on the day, while Ford and Fiat Chrysler were down over 3-percent each.