A load truck loaded with new pills is directed to us at the commercial crossing of Otay in Tijuana, State of Baja California, Mexico, on March 27, 2025.
Guillermo Arias | AFP | Getty images
Detroit – The actions of car manufacturers jumped during the midday negotiation on Monday after President Donald Trump said he is looking for “helping some of the automotive companies” in the midst of their 25%automatic tariffs.
Automobile manufacturers “need a little time” to transfer their production to the United States, Trump said during a meeting on Monday with Salvadoran President Nayib Bukele in the Oval office.
“I am looking for something to help some of the automotive companies, where they change to pieces that were made in Canada, Mexico and other places, and need a little time because they will do them here,” Trump said. “But they need a little time, so I’m talking about things like that.”
Comments pushed actions such as Ford motor, General Motors and Chrysler’s father Stellantis Higher, balanced from the level of negative or negative and rise between 3% and 6%. Actions of Rivian Automotive They also rose 4%, while the shares of Tesla They were turned off at approximately 1%.
Actions of other car manufacturers such as Toyota motor and Honda engine They increased approximately 2% or more during noon trade.
A senior executive of the automotive industry described Trump’s comments as “some recognition that this is becoming difficult for the industry.”
Trump’s comments on Monday occur almost two weeks after implementing automotive tariffs in vehicles imported from 25% on April 3.
Despite reducing tariffs in most countries last week and giving technology companies such as Apple Exemptions of taxes over the weekend, automotive tariffs have remained in force.
Automobile manufacturers have responded to tariffs in several ways. Manufacturers that are mostly national, such as Ford and Stellantis, have announced temporary agreements for employee prices, while others, such as the British manufacturer Jaguar Land Rover, have ceased US shipments. Hyundai Motor has also said that prices would not increase for at least two months to relieve consumers’ concerns.
GM has strategically increasing some American production, including departure production in a truck plant in Indiana, as well as canceling the inactivity time announced next month in a Tennessee installation.
“The company continues to update and review the production schedules as part of its standard process of evaluation and management of the vehicle inventory as necessary,” said plant leadership in a message to workers seen by CNBC. “The inactivity time previously announced for the week of May 12 is terminating, which means that the complete production in the vehicle assembly will work as normal.”
A GM spokesman confirmed on Monday the change in plans for the Tennessee plant, which produces several Cadillac crossovers.
