After-hours trading saw General Motors surge by 6%, as the White House stated that Trump plans to waive certain tariffs for Auto Manufacturers.

The White House confirmed to the media on Wednesday that Trump intends to exempt certain tariffs on Auto Parts. Previously, media reports indicated that this exemption includes tariffs on Steel and Aluminum, but does not include the 25% tariff on imported complete vehicles and does not affect the 25% tariff on Auto Parts set to be enforced starting May 3. Analysis suggests that this is another retreat by Trump from his most aggressive tariff policy.

wallstreetcnApr 24 07:01

The six major automobile organizations in the United States jointly lobby the Trump administration: do not impose tariffs on auto parts!

① In response to the upcoming Auto Parts tariff, six major organizations representing America's Car-Mart have unusually united to lobby the Trump administration against imposing this tariff; ② In a letter to officials in the Trump administration, they stated that the impending tariff could jeopardize auto production in the USA, with many auto suppliers already "in dire straits."

cls.cnApr 23 08:43

12 Consumer Discretionary Stocks Moving In Monday's Pre-Market Session

BenzingaApr 21 20:10

The "tariff war" has triggered turbulence in the USA's imported vehicle market: multiple brands have hit the "pause button"; is a "price hike wave" about to arrive?

① "The store has already issued a notice that all imported cars from the USA have had their reservations canceled." On April 15, a sales representative from a certain BMW 4S store located in Peking told the Securities Times reporter. ② The Tesla China official website shows that the Model S/X no longer offers a separate "order new car" option, and the corresponding model pages only display a "view stock" button.

cls.cnApr 16 10:14

General Motors and Ford declined, as Canada will conditionally exempt certain countermeasures against the import of Autos from the U.S.

The official website of the Canadian Federal Department of Finance issued a statement that it will exempt certain countermeasures against the import of cars from the USA to help the development of domestic Auto Manufacturers in Canada.

wallstreetcnApr 16 07:10

The U.S. stock market's Autos Sector rebounded collectively! Trump suddenly softened his stance: considering a temporary exemption from auto tariffs.

Trump stated that he is exploring the possibility of a temporary exemption from tariffs on imported autos and auto parts to give auto companies more time to establish production bases in the USA.

Golden10 DataApr 15 07:10