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Update: Auto Stock Up After Trump Reportedly Mulls Delaying Tariffs on Auto Imports From Canada, Mexico
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Update: Auto Stock Up After Trump Reportedly Mulls Delaying Tariffs on Auto Imports From Canada, Mexico
Mar 5, 2025 10:16 AM

12:45 PM EST, 03/05/2025 (MT Newswires) -- (Updates with details throughout.)

Ford Motor ( F ) , General Motors ( GM ) , and Stellantis ( STLA ) were up in recent trading Wednesday after reports that the Trump administration is considering a one-month delay in tariffs on auto imports from Canada and Mexico.

Ford was up nearly 4%, General Motors ( GM ) jumped 5%, and Stellantis ( STLA ) rose over 7%.

According to Bloomberg, government officials met with the heads of the three companies on Tuesday to discuss the matter.

Meanwhile, US Commerce Secretary Howard Lutnick reportedly told Bloomberg that the Trump administration could announce relief for some sectors, including autos, on Wednesday.

Bloomberg cautioned, however, that the situation remains fluid.

Ford Motor ( F ), General Motors ( GM ), and Stellantis ( STLA ) did not immediately respond to requests for comment from MT Newswire.

Price: 9.44, Change: +0.32, Percent Change: +3.51

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