Nissan, Stellantis may be hit hardest by tariffs, NYT says

Nissan Motor (NSANY) has had a difficult time over the last several months after reporting plunging profit and a cut in its outlook in February, Neal Boudette of The New York Times reports. Now, the company is bracing for the effect of tariffs Trump is threatening to impose on goods imported from Canada and Mexico, since nearly a third of the 1M Nissan cars sold last year were assembled in Mexican plants. Stellantis (STLA) is also on a weaker financial footing and, while the company can shift more of its production to the U.S., it may have a difficult time making larger moves due to its recent lower profits.