US President Donald Trump meets El Salvador President Nayib Bukele (not shown) in the Oval Office in the White House in Washington, DC, US, April 14, 2025.
Kevin Lamarque | Reuters
Detroit – shares of car manufacturers jumped during the afternoon trade on Monday after President Donald Trump and said he wants to “help some of the car companies”.
Trump said that the car manufacturers “need a little time” to move their production to the US
The profit pushed shares such as Ford engine” General Motors and chrysler -parent Stellantis Higher, waving from trade level or negative to an increase between 1% and 4%. Shares of Rivian car also rose by 3%, while shares of Tesla about 2%were switched off.
Trump's comments come about a week and a half after he had implemented automotive rates on imported vehicles of 25% on 3 April.
Despite the lowering of the rates for most countries last week and giving technology companies such as such as such as Apple The automotive rates remained in force at the weekend's taxes.
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