Stellantis backs U.S. production, welcomes temporary tariff exemption
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Stellantis shares rose 2.95% after the automaker expressed support for U.S. President Donald Trump’s objective of increasing domestic car production. The company also thanked the administration for granting a one-month exemption from the newly imposed 25% tariffs on vehicles imported from Canada and Mexico.
The White House announced on Wednesday that automakers would be temporarily exempt from the tariffs, provided they comply with existing free trade agreements. Stellantis reaffirmed its commitment to U.S. manufacturing, emphasizing its ongoing investments in American operations since the beginning of Trump’s presidency.
In a statement, the company highlighted its alignment with the administration’s vision to strengthen the domestic automotive sector and create sustainable American jobs. While the short-term exemption provides relief, the broader implications of trade policies on North American supply chains remain a key focus for the industry.
The White House announced on Wednesday that automakers would be temporarily exempt from the tariffs, provided they comply with existing free trade agreements. Stellantis reaffirmed its commitment to U.S. manufacturing, emphasizing its ongoing investments in American operations since the beginning of Trump’s presidency.
In a statement, the company highlighted its alignment with the administration’s vision to strengthen the domestic automotive sector and create sustainable American jobs. While the short-term exemption provides relief, the broader implications of trade policies on North American supply chains remain a key focus for the industry.