Shares of automakers surged by more than 3 percent after President Donald Trump hinted he could offer “help” to car companies.
Speaking to reporters from the White House on April 14, the president said he may assist automakers in making the tariff-driven transition from Canada, Mexico, and other foreign markets.
“I’m looking at something to help some of the car companies where they’re switching to parts that were made in Canada, Mexico, and other places,” Trump said alongside Salvadoran President Nayib Bukele.
U.S. automakers may require additional time to adjust when they start producing more vehicles and car parts in the United States, he added….