Trump takes victory lap as tariffs spark huge gains for GM and Ford – with stocks soaring 47% | 24 Oct 2025 | Detroit’s biggest automakers crushed sales expectations — and President Donald Trump was quick to take credit. “Ford and General Motors UP BIG on Tariffs placed on Big and Midsized Trucks coming from other countries,” Trump posted. “Thank you President Trump!” The post came as Wall Street continued to reward both carmakers. Since April, GM’s stock has jumped 47 percent, while Ford’s has climbed 36 percent. This week, investors poured even more money into the stocks after both companies reported record-setting sales for the year. They are up 18 and 15 percent respectively.