A cargo truck loaded with new microphones is heading to us at the Otay Commercial Crossing in Tijuana, Baja California State, Mexico, March 27, 2025.
Guillermo Arias | AFP | Getty images
Detroit – Automobile manufacturers’ actions jumped during noon negotiations after President Donald Trump said he was trying to “help certain automotive companies” in the middle of his 25%car rates.
Car manufacturers “need a little time” to move their production in the United States, Trump said at a meeting on Monday with President Salvadoran Nayib Bukele at the Oval Office.
“I am looking for something to help some of the car manufacturers, where they go to parts that have been made in Canada, Mexico and other places, and they need a little time because they are going to make them here,” said Trump. “But they need a little time, so I’m talking about things like that.”
The comments pushed actions such as Ford engine,, General Motors and Chrysler Parent Stelllantis higher, swingent of the level of negotiation or negative to an increase between 3% and 6%. Actions of Rivian Automotive was also up 4%, while the shares of Tesla were shifted by around 1%.
Actions of other car manufacturers such as Toyota Motor And Honda Motor increased by around 2% or more during noon trade.
A senior manager in the automotive industry described Trump’s comments as “a certain recognition that it becomes difficult for industry”.
Trump’s remarks on Monday take place almost two weeks after setting up car rates on vehicles imported by 25% on April 3.
Despite the reduction of prices on most countries last week and the conduct of technological companies such as Apple Exemptions from the samples during the weekend, the automotive prices remained in force.
The car manufacturers responded to rates in various ways. Manufacturers who are mainly national, such as Ford and Stellantis, have announced temporary agreements for employees’ prices, while others, such as British automaker Jaguar Land Rover, have stopped American shipments. Hyundai Motor also said that it would not increase prices for at least two months to mitigate consumer concerns.