Trump slaps 25% duties on car imports to US

Shares of automakers fell in after-hours trading and US equity index futures slid, indicating stocks were headed for a lower open on Thursday.

US President Donald Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie production.