Trump's comments follow his recent imposition of a 25% tariff on imported vehicles, which took effect on April 3. While some other tariffs have been reduced and companies like Apple were granted exemptions, the automotive tariffs remain.

Ford and Stellantis have launched temporary employee pricing programs to offset consumer pressure. Others, like Jaguar Land Rover, halted U.S. shipments entirely, and Hyundai Motor has pledged to hold prices steady for at least two months.

Price Action: Ford share were up 4.07% at $9.71, General Motors shares were up 3.77% at $45.28 and Stellantis shares were up 5.19% at $9.32 at the time of writing, according to Benzinga Pro.

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