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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Mary Barra of General Motors, and Bill Ford of Ford Motor Company, just called to thank me for putting Tariffs on Mid Size and Large Size Trucks. Their Stock has gone through the roof! They told me that, without Tariffs, it would be a very hard, long “slog” for Truck and Car Manufacturers in the United States. I told them, it’s very simple, this is a National Security matter. With the Tariffs, we have a strong and powerful Economy and Country. Without them, we have the exact opposite!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s statement about tariffs on mid-size and large trucks could positively influence the stock prices of Ford Motor Company (F) and General Motors Company (GM) as investors may perceive these tariffs as beneficial to domestic manufacturers. This perception could also impact broader industrial ETFs like Vanguard Industrials ETF (VIS), Industrial Select Sector SPDR Fund (XLI), and iShares U.S. Industrials ETF (IYJ), potentially boosting their performance due to increased investor confidence in the industrial sector. However, the long-term effects would depend on the overall economic impact of tariffs and potential retaliatory measures from other countries.
Here are some of the stocks that might be affected:
Ford Motor Company ((F)),
General Motors Company ((GM)),
Vanguard Industrials ETF ((VIS)),
Industrial Select Sector SPDR Fund ((XLI)),
iShares U.S. Industrials ETF ((IYJ)).