Shares in major car manufacturers rose sharply after President Trump hinted at possible temporary exemptions from recently announced tariffs on imported vehicles and parts. He emphasized the need for manufacturers to be given time to relocate production to the U.S. Despite no specific details on exemptions, his comments positively impacted investor sentiment. This boost in share prices was observed globally, notably for companies like Toyota, Honda, and Stellantis. Meanwhile, industry groups raised alarms about the potential serious implications for UK automotive exports, a sector significantly tied to the U.S. market.
Shares in major car manufacturers surged after Trump hinted at possible temporary exemptions from new tariffs on imported vehicles and parts, boosting investor confidence.
Trump's comments suggested he was considering helping car companies adjust to the newly imposed tariffs, enhancing optimism among manufacturers facing production shifting pressures.
The president's remarks lifted shares across the auto sector, with notable gains from Japanese and European manufacturers just a couple of weeks after the tariffs were announced.
The Society of Motor Manufacturers and Traders cautioned that the tariffs could heavily impact Britain's automotive exports, which rely significantly on the US market.
Collection
[
|
...
]