Ford, GM, inventories gain strengthening as Trump discusses tariff exemptions star-news.press/wp

The car apparataries received reinforcement on Monday because President Donald Trump said he wanted to help car companies during the conversation in the White House.

“I’m watching what to help some of the cars,” Trump told the question of journalists about which products were involved in the “short-term” tariff exemption he had previously mentioned.

Speaking in oval office, Trump has especially mentioned auto manufacturers who import some of their parts from Canada and Mexico.

“They’ll make them here, but they need some time, so I’m talking about things like that,” Trump said.

Stellantis (Stress+ 6.43%) Stock has risen by 5.1% Monday afternoon. Ford (F+ 4.88%) rose 3.9% and General Motor (Gm+ 3.90%) climbed 3.6%. Electric car manufacturer Rivian (Rnvn+ 5.19%) rose 4.5%, while Tesla (Tsla+ 0.60%) was reduced by 0.1%.

When asked the tracking the question of whether an apple (AAPL+ 3.89%), which produces many of their products in China, will be excluded and Trump did not say no. “I’m a very flexible person,” he said. “I’ll talk to that chef.” The Apple Stock rose by 3.9% on Monday afternoon.

Only the day before, Trump said that there would be no exemptions for products imported from China. “No one becomes” from the hook “for unfair trade balances, not monetary tariff barriers, which other countries used against us, especially not China, so far they behave worst!” he published on their social application truth. “What is exposed is to produce products in the United States and we will not host another country, especially enemy shopping people like China, which will do everything in their power to respect the American people.”

S & P 500 was 1.2% on Monday afternoon. Dow Jones and Nasdaq Composite were 1.2.