Auto Stocks Rally on Trump's 90-Day Tariff Pause

Dow Jones04-10

By Connor Hart

Shares of automotive groups climbed Wednesday after President Trump authorized a 90-day pause on certain tariffs.

Shares of Ford rose 5.6%, to $9.17, in afternoon trading, while shares of General Motors climbed 6%, to $45.01. Jeep-maker Stellantis jumped 11%, to $9.47. Tesla, which came under pressure following Elon Musk's involvement in Trump's administration, rose 13%, to $249.99.

As with most industries, the automotive sector's shares were squeezed in recent weeks after Trump started launching erratic and broad-based tariffs on the U.S.'s major trading partners. Wall Street analysts predicted that new tariffs could cost carmakers several billion dollars annually, as even vehicles manufactured domestically in the U.S. are reliant upon components produced outside the country.

After facing pressure from business leaders, Trump took to his Truth Social platform on Wednesday afternoon to announce a 90-day pause on reciprocal tariffs for all trading partners except China. He said reciprocal tariffs will be lowered to 10% across the board, except for China, which now faces a 125% tariff.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 09, 2025 14:10 ET (18:10 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2526192953?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-10 02:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2526192953","market":"nz","top_or_hot":-1,"title":"Auto Stocks Rally on Trump's 90-Day Tariff Pause","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Connor Hart \n</p>\n<p>\n  Shares of automotive groups climbed Wednesday after President Trump authorized a 90-day pause on certain tariffs. \n</p>\n<p>\n  Shares of Ford rose 5.6%, to $9.17, in afternoon trading, while shares of General Motors climbed 6%, to $45.01. Jeep-maker Stellantis jumped 11%, to $9.47. Tesla, which came under pressure following Elon Musk's involvement in Trump's administration, rose 13%, to $249.99. \n</p>\n<p>\n  As with most industries, the automotive sector's shares were squeezed in recent weeks after Trump started launching erratic and broad-based tariffs on the U.S.'s major trading partners. Wall Street analysts predicted that new tariffs could cost carmakers several billion dollars annually, as even vehicles manufactured domestically in the U.S. are reliant upon components produced outside the country. \n</p>\n<p>\n  After facing pressure from business leaders, Trump took to his Truth Social platform on Wednesday afternoon to announce a 90-day pause on reciprocal tariffs for all trading partners except China. He said reciprocal tariffs will be lowered to 10% across the board, except for China, which now faces a 125% tariff. \n</p>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 09, 2025 14:10 ET (18:10 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Auto Stocks Rally on Trump's 90-Day Tariff Pause</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAuto Stocks Rally on Trump's 90-Day Tariff Pause\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-10 02:10</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Connor Hart \n</p>\n<p>\n  Shares of automotive groups climbed Wednesday after President Trump authorized a 90-day pause on certain tariffs. \n</p>\n<p>\n  Shares of Ford rose 5.6%, to $9.17, in afternoon trading, while shares of General Motors climbed 6%, to $45.01. Jeep-maker Stellantis jumped 11%, to $9.47. Tesla, which came under pressure following Elon Musk's involvement in Trump's administration, rose 13%, to $249.99. \n</p>\n<p>\n  As with most industries, the automotive sector's shares were squeezed in recent weeks after Trump started launching erratic and broad-based tariffs on the U.S.'s major trading partners. Wall Street analysts predicted that new tariffs could cost carmakers several billion dollars annually, as even vehicles manufactured domestically in the U.S. are reliant upon components produced outside the country. \n</p>\n<p>\n  After facing pressure from business leaders, Trump took to his Truth Social platform on Wednesday afternoon to announce a 90-day pause on reciprocal tariffs for all trading partners except China. He said reciprocal tariffs will be lowered to 10% across the board, except for China, which now faces a 125% tariff. \n</p>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 09, 2025 14:10 ET (18:10 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2526192953","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526192953","pubTimestamp":1744222200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of automotive groups climbed Wednesday after President Trump authorized a 90-day pause on certain tariffs.Shares of Ford rose 5.6%, to $9.17, in afternoon trading, while shares of General Motors climbed 6%, to $45.01. Jeep-maker Stellantis jumped 11%, to $9.47. Tesla, which came under pressure following Elon Musk's involvement in Trump's administration, rose 13%, to $249.99.As with most industries, the automotive sector's shares were squeezed in recent weeks after Trump started launching erratic and broad-based tariffs on the U.S.'s major trading partners. Wall Street analysts predicted that new tariffs could cost carmakers several billion dollars annually, as even vehicles manufactured domestically in the U.S. are reliant upon components produced outside the country.After facing pressure from business leaders, Trump took to his Truth Social platform on Wednesday afternoon to announce a 90-day pause on reciprocal tariffs for all trading partners except China. He said reciprocal ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"特朗普暂停关税90天，汽车股上涨","themeId":"cf06725cb96fe224abd1b480c6717862","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"By Connor Hart \n\n\n  Shares of automotive groups climbed Wednesday after President Trump authorized a 90-day pause on certain tariffs. \n\n\n  Shares of Ford rose 5.6%, to $9.17, in afternoon trading, while shares of General Motors climbed 6%, to $45.01. Jeep-maker Stellantis jumped 11%, to $9.47. Tesla, which came under pressure following Elon Musk's involvement in Trump's administration, rose 13%, to $249.99. \n\n\n  As with most industries, the automotive sector's shares were squeezed in recent weeks after Trump started launching erratic and broad-based tariffs on the U.S.'s major trading partners. Wall Street analysts predicted that new tariffs could cost carmakers several billion dollars annually, as even vehicles manufactured domestically in the U.S. are reliant upon components produced outside the country. \n\n\n  After facing pressure from business leaders, Trump took to his Truth Social platform on Wednesday afternoon to announce a 90-day pause on reciprocal tariffs for all trading partners except China. He said reciprocal tariffs will be lowered to 10% across the board, except for China, which now faces a 125% tariff. \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 09, 2025 14:10 ET (18:10 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":false,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2526192953","isCrawlerRequest":true}