• Mar 05, 2025

European auto stocks jump on Trump tariff pause as Stellantis pledges 'more American cars'

MILAN (Reuters) -European automakers' shares jumped on Thursday after U.S. President Donald Trump gave carmakers a one-month reprieve from his punishing 25% tariffs on Canada and Mexico, with Chrysler-to-Fiat maker Stellantis pledging more American-made cars. Stellantis, whose shares popped 1.5%, thanked Trump for the tariff pause, and pledged to help the U.S. president's America First aim of building more cars in the United States.