Ford, GM shares jump as Trump plans to delay auto tariffs

Investing News

Workers build a truck as it goes through the assembly line at the Ford Kentucky Truck Plant in Louisville, Kentucky.

Bill Pugliano | Getty Images

Shares of Ford and General Motors jumped on Wednesday as President Donald Trump plans to delay auto tariffs for six months, people familiar with the situation told CNBC.

Ford and GM shares both added about 0.6% after opening with declines on the day.

The White House has until May 18 to make a decision on whether it will add duties to imports of vehicles and auto parts.

Trump sees auto tariffs as key leverage in trade negotiations with the European Union and Japan.

Bloomberg first reported the auto tariffs delay.

This is a developing story. Check back for updates.

Products You May Like

Articles You May Like

Morgan Stanley upgrades ‘retail survivor’ Target
3 Oil Stocks to Drop Now
If Nio Stock Has Disappointed You, Read This
BABA Stock Will Need Some Help to Move Higher
Not Even a Trade War Can Stop Amazon Stock

Leave a Reply

Your email address will not be published. Required fields are marked *