On March 27th, 2025, a cargo truck loaded with new pickups heads towards us at the Otai Commercial Crossing in Tijuana, Baja, California.
Guillermo Arias | AFP | Getty Images
Detroit – Automaker stocks leapt out during noon trading Monday after President Donald Trump said he would “help some car companies” in a 25% car rate.
The automaker will “need a little time” to move production to the US, Trump said at a meeting with Salvador President Naive Buquere in his oval office at a meeting Monday.
“We’re looking for something to help some of the auto companies that are switching to parts made in Canada, Mexico and elsewhere. They’re making it here so we need a little time,” Trump said. “But they need a little time, so I’m talking about that.”
Comments pushed stocks like this Ford Motor, General Motors Chrysler’s parents Stellantis Swing towards a 3% to 6% increase from higher, trading level or negative. Stocks Libian Automotive Stocks also rose 4% Tesla It was about 1% off.
Stocks of other automobile manufacturers such as Toyota Motor and Honda Motor It rose by more than 2% during noon trading.
Senior Automotive Industry Executive described Trump’s comments as “a perception that this is becoming more severe for the industry.”
Trump’s remarks come almost two weeks after 25% of imported vehicles were charged on April 3.
Last week, we reduced tariffs in most countries, apple Weekend tax exemptions and car rates remain valid.
Automakers respond to customs duties in a variety of ways. While mostly domestic manufacturers such as Ford and Stellantis have announced temporary transactions on employee pricing, other manufacturers such as British automaker Jaguar Land Rover have stopped shipping in the US. Hyundai Motor also said it will not raise prices for at least two months to alleviate consumer concerns.
