Shares of U.S., Asian and German automakers tumbled on Friday after President Donald Trump threatened to slap tariffs on imports from Mexico starting next month, potentially upending a decades-old business model of global manufacturers. Railing against a surge of illegal immigrants across the southern U.S. border, Trump said he would hit all goods coming from Mexico with a 5 percent tariff, and would increase the duty each month until it reaches 25 percent on Oct. 1, unless Mexico takes immediate action.
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