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Zhitong
2024.10.11 14:36
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U.S. Stock Market News | Trump Media & Tech Group Surges Over 5% Trump promises that car loan interest will be tax deductible if elected

On Friday, Trump Media & Tech saw its stock price rise, with the stock up over 5% to $25.47 as of the time of writing. In terms of news, Trump stated during a speech at the Detroit Economic Club on Thursday that he supports making car loan interest fully tax-deductible, aiming to strengthen the U.S. automotive industry. Trump compared this plan to the existing mortgage interest tax deduction. He believes that the policy of tax-deductible car loan interest will "stimulate large-scale domestic car production and make it easier for millions of American working families to afford the cost of owning a car."

According to the Wise Finance APP, on Friday, the stock price of Trump Media & Tech (DJT.US) rose, with the stock up over 5% to $25.47 at the time of publication. In terms of news, Trump stated during a speech at the Detroit Economic Club on Thursday that he supports making car loan interest fully tax-deductible, aiming to strengthen the U.S. automotive industry. Trump compared this plan to the existing mortgage interest tax deduction. He believes that the policy of tax-deductible car loan interest will "stimulate large-scale domestic car production and make it easier for millions of American working families to afford the cost of owning a car."

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