Trump plans potential tariff exemptions for auto parts amid trade negotiations

President Trump indicated he is considering temporary tariff exemptions for auto parts to provide relief to manufacturers as they transition to U.S. production. During a press conference, he explained that automakers are currently relying on parts made in Canada and Mexico and need time to adjust their supply chains. This move follows recent exemptions for electronics, including smartphones and laptops, from his broader tariff plan on Chinese imports, although these electronics will still face semiconductor tariffs. Trump's comments have positively impacted stock prices for major automakers, reversing prior declines. However, his approach has drawn criticism from Democrats who argue that the ongoing changes add uncertainty to trade negotiations. Trump reaffirmed his commitment to tariffs as a means to revitalize American manufacturing while emphasizing his flexible stance amid negotiations.