Car reserves grow like Trump says he wants to “help” some car companies

Detroit – Automobilee shares jumped during midday trading on Monday after the president Donald Trump Saying looking for “help some of the car companies”.

Trump said on Monday with President Salvadoran on Monday with President Salvadoran in the Oval Office “It takes a little time” to move production to the United States.

“I am looking for something to help some of the car companies where they are moving to the pieces that have been made in Canada, Mexico and other places, and they need a little time because they are going to make them here,” Trump said. “But they need a little time, so I’m talking about such things.”

Comments pushed shares such as Ford Motor. General Motors and the father of the Chrysler Stellantis Higher, waving from trade levels or negatively to increase from 1% to 4%. Shares Rivian car also increased by 3%while stocks Tesla approximately 2%were expelled.

Share automakers such as Toyota Motor and Honda Motor During the midday trades were less than 2%.

Trump’s comments came after on April 3 he sells car tariffs for imports of 25%.

Despite the reduction of tariffs on most countries last week and providing technology companies such as Apple Release from levies last weekend, Car tariffs remained in force.

Automobilee is replied to tariffs in different ways. Manufacturers, which are mostly domestic, such as Ford and Stellantis, have announced temporary deals at staff prices and others such as the British Jaguar Land Rover car stopped. The engine of Hyundai He also stated that he would not increase the prices by at least two months to ease consumer problems.