# Trumps Possible Duty and Levy Reductions Propel Automaker Equities
### Main Ideas
* GM, Ford, and Stellantis shares increased Wednesday after Commerce Secretary Howard Lutnick implied possible duty reductions on fresh Canada and Mexico duties for these automakers.
* Lutnick stated in a discussion that President Trump is considering relaxing tariffs on certain areas, with the auto sector as a probable choice.
* President Trump also suggested tax deductions for those purchasing American-manufactured vehicles during his speech to a combined session of Congress.
Equities for General Motors (GM), Ford (F), and Stellantis (STLA), Chrysler’s parent firm, experienced upticks on Wednesday following Commerce Secretary Howard Lutnick’s declaration that President Trump intends to declare modifications to duties on Canada and Mexico this week.
President Trump also brought up the concept of tax benefits for purchasers of American-made automobiles during his State of the Union speech Tuesday evening.
Lutnick informed Bloomberg TV that Trump might provide duty waivers to particular sectors, pointing out, “The auto industry is likely one of them, but there may be others.”
The Commerce Secretary emphasized that the administration would consider decreasing duties for firms adhering to the USMCA trade accord reached with Canada and Mexico during Trump’s initial period. Lutnick added that all three auto titans fulfill the agreement’s stipulations.
Trump’s remarks last night during his address to Congress also bolstered automaker equities, as he declared, “I also want to provide a tax cut for interest payments on car loans—but only if the car is MADE IN THE USA.”
Even with today’s stock gains of approximately 4% to 7% for the big three automakers, only GM has shown positive stock expansion over the past year. Toncoin (TON) Value Forecast for March 26th
