President Donald Trump says American auto industry leaders are over the moon with him and his decision to enact tariffs on imported medium- and heavy-duty trucks.

Posting on his Truth Social site on Oct. 22nd, Trump said General Motors chair and CEO Mary Barra and Ford Motor Co. executive chair Bill Ford called him personally to thank him for the tariffs.

Trump noted that since the tariffs were announced by the White House on Oct. 17 , stock prices for the two automakers have "gone through the roof!"

Ford shares closed at 11.92 on Oct. 17 and were at 12.37 as of about 1:30 p.m. Oct. 22, a gain of about 4%. GM shares went from 58.38 on Oct. 17 to about 66.61 on Oct. 22, a gain of about 14%.

Trump's tariff of 25% on imported medium- and heavy-duty trucks is set to go into effect Nov. 1

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