- Stellantis is seeking a reduction or waiver of a potential 25% tariff on Ram pickups produced in Mexico.
- General Motors and Ford are opposing the move, citing concerns about cost advantages for non-U.S. production.
- The potential tariffs target medium and heavy-duty trucks as part of trade actions considered by the Trump administration.
- Stock prices for the Detroit automakers showed modest gains as the lobbying continued.
- No final decision or timeline for the tariff announcement has been confirmed by U.S. officials.
Stellantis, one of Detroit’s Big Three automakers, has requested relief from a possible 25% U.S. tariff on its medium-duty Ram pickups manufactured in Mexico. The request comes as the Trump administration considers new duties on imported trucks, according to a recent Bloomberg report.
People familiar with the matter state that Stellantis has asked for either a waiver or a reduction in the tariff, intensifying its lobbying efforts in recent days. The company’s stock was up 1.4% during midday trading.
In contrast, Ford and General Motors have urged officials not to grant Stellantis’s request. Ford has argued that any exemption would give Stellantis a financial edge over trucks assembled in the United States, which already face tariffs on imported parts. GM has warned that providing relief could set a precedent, potentially leading other carmakers to seek similar exemptions, including for their own vehicles produced outside the country.
Stocks for Ford and GM increased slightly by 0.4% and 0.14% respectively as these discussions developed. Retail investor sentiment fluctuated for both companies, according to recent trading data.
It remains uncertain when a final decision about these tariffs will be made or if a waiver will be approved. The Trump administration has granted tariff relief in the past to companies agreeing to expand domestic manufacturing. The October 1 deadline for a decision has passed with no official statement from the White House.
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