President-Elect Donald Trump’s decision to appoint billionaire hedge fund manager Scott Bessent as the next secretary of the Department of Treasury was well received by markets yesterday with the S&P 500 and Dow Jones reaching new highs.However, auto stocks have sold off sharply on Tuesday amid Trump’s plan to implement a 25% tariff on imported goods from Canada and Mexico. This would dissolve the USMCA (United States-Mexico-Canada) free trade agreement with auto giant General Motors (GM)  expected to feel ...