US Carmakers Experience Stock Surge

Following an announcement from the White House, shares of leading US automobile manufacturers witnessed a notable increase. The administration of President Donald Trump has decided to postpone auto tariffs on Canada and Mexico by one month, a move that has positively impacted the market.

High-Level Discussions Shape Tariff Plans

Press Secretary Karoline Leavitt disclosed that US officials engaged in discussions with top executives from Ford Motor Co., General Motors Co., and Stellantis NV. These talks aimed at exploring potential modifications to the tariff strategies. Despite these negotiations, reciprocal tariffs are scheduled to be implemented on April 2, as initially planned.

Stock Market Reactions

At 2:41 pm ET, General Motors' stock experienced a 7.47% surge, trading at $48.60 per share. Shortly after, Ford Motor's shares saw a 5.21% increase, reaching $9.60 per share. Similarly, Stellantis' US-listed stocks soared by 9.11%, selling for $12.88 per share.