WASHINGTON (Reuters) -President Donald Trump said the chief executives of General Motors Co and Ford Motor Co called to thank him on Wednesday for putting tariffs on mid- and large-sized trucks, saying their companies stock has soared. “They told me that, without Tariffs, it would be a very hard, long ‘slog’ for Truck and Car […]
U.S.
Trump says GM, Ford execs thanked him for tariffs, soaring stocks
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WASHINGTON (Reuters) -President Donald Trump said the chief executives of General Motors Co and Ford Motor Co called to thank him on Wednesday for putting tariffs on mid- and large-sized trucks, saying their companies stock has soared.
“They told me that, without Tariffs, it would be a very hard, long ‘slog’ for Truck and Car Manufacturers in the United States,” he said in a Truth Social post. Trump last week set new 25% tariffs on imported medium- and heavy-duty trucks and parts starting November 1.
(Reporting by Katharine Jackson and Doina Chiacu; Editing by Katharine Jakcson)