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Wed, Apr 16, 2025, 7:04 AM 4 min read
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Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly:
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POTENTIAL TARIFF DELAY: Shares of car manufacturers Ford (F), General Motors (GM) and Stellantis (STLA) were Trump told reporters that his administration is “looking at something to help car companies” as they slowly move manufacturing to the U.S. President Donald Trump told reporters in the Oval Office that, “I’m looking at something to help car companies with it. They’re switching to parts that were made in Canada, Mexico and other places, and they need a little bit of time, because they’re going to make them here.”
Wedbush notes that President Trump has floated the idea of delaying/pausing the auto tariffs facing the Detroit Big 3 — General Motors, Ford Motor, and Stellantis — and Tesla (TSLA) among foreign automakers. The firm continues to believe the 25% auto tariffs will ultimately be focused on finished cars vs. auto parts at the end of the day, which would be a clear positive vs. the original auto parts tariffs. Flipping upside down a global supply chain that has been in place for decades cannot happen overnight for the auto industry and Wedbush strongly believes the clear right move would be to focus on finished cars made in the U.S. vs. the auto parts component tariff angle.
MOVING TO SIDELINES ON GM: Barclays downgraded General Motors to Equal Weight from Overweight with a price target of $40, down from $70. The firm downgraded a handful of names and reduced estimates in the autos and mobility group to reflect the earnings impacts from tariffs. Barclays also downgraded its industry view on the sector to Negative. A “highly challenging environment” makes a near-term investment case for the autos sector is “increasingly difficult,” the firm tells investors in a research note. It sees multiple near-term pressures, including earnings pressure, risks to consumer health, and a cloud over auto tech investment. “Auto tariffs are seemingly here to stay, and valuations are seemingly not pricing in full tariff risk,” contends Barclays. The downgrade of GM reflects the company’s “significant risk” to near-term earnings from tariffs. Barclays maintains a slight preference for Ford over GM.
DELIVERY HALT: China has ordered its airlines to halt further deliveries of Boeing (BA) jets as part of the tit-for-tat trade war that’s seen U.S. President Donald Trump levy tariffs of as high as 145% on Chinese goods, Bloomberg reports, citing people familiar with the matter. Beijing has also asked that Chinese carriers halt any purchases of aircraft-related equipment and parts from U.S. companies, the people said, asking not to be identified discussing matters that are private.
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