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Ford, GM shares jump as Trump plans to delay auto tariffs

May 15, 2019


Shares of Ford and General Motors jumped on Wednesday as President Donald Trump plans to delay auto tariffs for six months, people familiar with the situation told CNBC.

Ford and GM shares both added about 1% after opening with declines on the day.

The White House has until May 18 to make a decision on whether it will add duties to imports of vehicles and auto parts. The president is considering tariffs as high as 25% on cars.

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