Trump plans to make car loan interest tax deductible for US-made vehicles, Ford, GM, Stellantis rally

From StockTwits: 2025-03-05 02:32:15

President Donald Trump reiterated his plan to make interest payments on car loans tax deductible for American-made vehicles in his speech to Congress, leading to a rally in Ford, GM, and Stellantis stocks. The 25% import tariff on goods from Mexico and Canada has caused industry backlash and fears of supply chain disruptions for major U.S. automakers. Despite investor optimism, some analysts caution that markets may not have fully priced in the potential impact of these tariffs. Commerce Secretary Howard Lutnick suggested possible tariff relief for North American goods, with Ford, GM, and Stellantis shares down year-to-date.



Read more at StockTwits: Ford, GM, Stellantis Jump After-Hours As Trump Rekindles Tax Deduction Plan For US-Made Cars Amid Rising Retail Confidence