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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Ford and General Motors UP BIG on Tariffs placed on Big and Midsized Trucks coming from other countries. Thank you President Trump!”
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 social media post could lead to a positive market reaction for Ford Motor Company and General Motors Company, as investors may anticipate increased profitability due to reduced competition from foreign truck manufacturers. This sentiment might also extend to broader industrial ETFs like Vanguard Industrials ETF, Industrial Select Sector SPDR Fund, and iShares U.S. Industrials ETF, as these funds often hold significant positions in major U.S. automakers. However, the long-term impact will depend on the actual implementation and economic repercussions of the tariffs.
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)).