Shares of Ford Motor Co., General Motors Co., and Stellantis NV climbed in after-hours trading on Tuesday following remarks from President Donald Trump, who reiterated his plan to make interest payments on car loans tax deductible — but only for American-made vehicles.
U.S. car stocks are already giving up some of this week’s gains.The outlook for the sector remains murky, even after President Donald Trump gave auto makers a one-month reprieve from tariffs.Ford Motor stock slipped 1.
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"This Agreement is until April 2nd. I did this as an accommodation, and out of respect for, President Sheinbaum" Trump said
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