Screens display the trading information for Ford and General Motors (GM) stock on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 27, 2025. REUTERS/Brendan McDermid
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)