
Samvardhana Motherson, Sona BLW shares slide up to 3% as Trump imposes 25% tariff on Mexico
Sona BLW fell by up to 3% on the BSE on March 4, after U.S. President Donald Trump said on Monday, «there is no room left for Mexico or Canada,» confirming that a 25% tariff on imports will take effect from Tuesday.
The shares of Sona BLW Precision Forgings fell by 2.7% to a low of Rs 472.80 in early trade, while Samvardhana Motherson International shares slipped 2.4% to their day's low of Rs 116.55.
Speaking to reporters at the White House on Monday, President Trump said: «Tomorrow — tariffs 25% on Canada and 25% on Mexico will start.»
The move has reignited trade war fears and crushed hopes for a last-minute deal with America's key trading partners.
Initially, Trump had granted a one-month pause in February after both countries pledged concessions. However, on Monday, he made it clear that no further exemptions would be granted.
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