Trump Rejects Ford's Request for Aluminum Tariff Relief
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.U.S.-IRAN TALKS:The first round of negotiations between the governments of the U.S. and Iran regarding an agreement to end hostilities will take place on Friday, Axios, citing two sources familiar with discussions.The New York Times' Tyler Pager, Farnaz Fassihi, David E. Sanger, and Eric Nagourney hadearlier that Iran has accepted Pakistan's proposal for a two-week ceasefire with the United States following last-minute diplomatic efforts by Pakistan and China. Sources told The Times that the ceasefire had been cleared by Ayatollah Mojtaba Khamenei.TARIFFS:President Donald Trumpon Truth Social. "A Country supplying Military Weapons to Iran will be immediately tariffed, on any and all goods sold to the United States of America, 50%, effective immediately. There will be no exclusions or exemptions!"URANIUM ENRICHMENT:President Donald Trumpon Truth Social, "The United States will work closely with Iran, which we have determined has gone through what will be a very productive Regime Change! There will be no enrichment of Uranium, and the United States will, working with Iran, dig up and remove all of the deeply buried (B-2 Bombers) Nuclear 'Dust.' It is now, and has been, under very exacting Satellite Surveillance (Space Force!). Nothing has been touched from the date of attack. We are, and will be, talking Tariff and Sanctions relief with Iran. Many of the 15 points have already been agreed to. Thank you for your attention to this matter."NO RELIEF:The Trump administration has rejected requests from Ford Motorand other U.S. automakers for relief from the tariffs on aluminum after two fires at the Novelis aluminum plant in Oswego, New York took the facility out of commission until at list this June, Gavin Bade, Bob Tita, and Ryan Felton of The Wall Street Journal. The Novelis aluminum plant in Oswego is the largest domestic supplier of aluminum sheets for the U.S. automotive industry, supplying materials for Ford, Stellantis, and General Motorsas well as foreign automakers with U.S. facilities. The disruption has affected Ford the most, which relied on the plant for the aluminum exterior of its F-150 truck. Ford has recently petitioned from the Trump administration for assistance, asking for relief until the Oswego plant returns to full service, but, so far, the administration has not budged, people with knowledge of the conversations told the Journal.
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- Cost-Saving Strategy: Morgan DeBaun, CEO of Blavity, anticipates a shift from Salesforce's CRM platform to a more cost-efficient AI solution by early 2027, potentially saving 50% to 60%, highlighting the emphasis on cost-effectiveness in the AI era.
- Expectations for AI Features: DeBaun insists that Salesforce's AI capabilities should be included in the base offering rather than charged separately, indicating dissatisfaction with pricing strategies that could impact Salesforce's competitive position in the market.
- Market Reaction and Stock Volatility: Salesforce's stock has dropped over 35% in the past year, currently trading around $170, reflecting investor concerns about AI tools potentially disrupting traditional enterprise software, leading to a broader sell-off in software stocks.
- Future Outlook and Investment Confidence: Despite challenges, analysts remain bullish on Salesforce, with Citizens maintaining a buy rating and a $315 price target, demonstrating confidence in the company's ability to adapt to the evolving AI landscape.
- Production Review: Rivian produced 24,337 vehicles in 2022, with expectations to increase to 57,232 in 2023, although production is projected to decline to 49,476 and 42,284 in 2024 and 2025 due to supply chain constraints and intensified competition, impacting investor confidence.
- New Model Launch: The launch of the new R2 SUV in March, priced $30,000-$40,000 lower than the R1T and R1S, is expected to significantly expand market reach and improve margins due to its simplified design and fewer electronic control units.
- Investor Confidence Rebound: Uber's recent $1.25 billion investment in Rivian and plans to deploy up to 10,000 fully autonomous R2 robotaxis from 2028 to 2031 provide strong support for Rivian's future growth prospects.
- Insider Buying: Rivian insiders have purchased more than twice as many shares as they sold in the past three months, and this positive insider sentiment, combined with low valuation and multiple potential partnerships, makes Rivian a compelling stock to buy ahead of its next earnings report.
- Market Expansion Plan: Kia plans to launch a pickup truck, including hybrid variants, by 2030 to penetrate the lucrative U.S. market, which is expected to significantly enhance its brand presence in North America.
- Sales Target Setting: Kia aims to sell 90,000 pickups annually in North America by 2034, targeting a 7% share of the midsize pickup segment, indicating its recognition of the market's potential.
- Global Sales Growth: Kia's global sales surged from 2.8 million vehicles in 2021 to 3.14 million in 2022, with a target of 4.13 million units and a 4.5% market share by 2030, reflecting its ambition for global expansion.
- Electrification Strategy Advancement: In addition to the pickup, Kia plans to introduce more all-electric and hybrid models, demonstrating its long-term commitment to electrification and sustainability, thereby enhancing its competitive edge in the market.
- Production Timeline Reduction: Sharrow Engineering has reduced its production timeline from 130 days to approximately two weeks through collaboration with Ford Motor Company, significantly accelerating output ahead of the summer boating season to meet rising market demand.
- Application of Technological Innovation: This partnership leverages advanced 3D sand-casting techniques combined with Ford's manufacturing innovation expertise, enabling Sharrow to achieve high-volume production and strengthen its competitive position in the propeller market.
- Surge in Market Demand: Since its launch in 2020, the Sharrow Propeller has gained widespread attention for delivering up to 30% greater fuel efficiency and 80% noise reduction, and is now expanding into new sectors like drones and renewable energy, indicating strong market potential.
- Regional Economic Development: Sharrow's expansion in Detroit not only boosts local manufacturing but also accelerates the industrialization of new technologies through its collaboration with Ford, showcasing Detroit's strength as an innovation hub.

Ford Motor Company and Sharrow Engineering Collaboration: Ford Motor Company is partnering with Sharrow Engineering to scale up the production of the Sharrow propeller in Detroit.
Innovative Propeller Design: The Sharrow propeller features a unique design aimed at improving efficiency and performance in marine applications.
- Recall Comparison: Ford has issued 28 recalls this year affecting approximately 8 million vehicles, while GM has issued only 10 recalls impacting about 350,000 vehicles, indicating greater pressure on Ford regarding recalls.
- Latest GM Recall: GM's recent recall involves 271,770 units of the 2023-2025 Chevrolet Malibu due to concerns that rearview camera screens may display distorted or blank images, increasing the risk of accidents for drivers.
- Solution and Costs: GM will replace the rearview cameras free of charge, and while the number of recalls is lower, the associated costs still impact its financial performance.
- Market Reaction and Stock Sentiment: Over the past 24 hours, GM's stock sentiment remained neutral, while Ford's sentiment shifted from bearish to neutral, reflecting investor expectations for Ford's future improvements.










