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Trump says GM, Ford execs thanked him for tariffs, soaring stocks
Trump said they called to thank him for putting tariffs on mid- and large-sized trucks, saying their companies' stock has soared.
Published on: Oct 23, 2025, 24:41:15 IST
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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)
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