By Kosaku Narioka
Shares in Asian and European carmakers rose Tuesday after President Trump suggested the sector might get tariff exemptions to give it more time to restructure North American supply chains.
-- Toyota shares rose 3.7% in Asian trading, while Honda gained 3.6% and Hyundai advanced 4.3%, following roughly similar gains in by General Motors and Ford in the U.S. on Monday.
-- European automakers such as Mercedes-Benz and BMW were also higher Tuesday morning.
U.S. auto plants, including those owned by Asian companies such as Toyota, use many parts from Mexico and Canada. Carmakers have said it is difficult to quickly build a U.S.-only supply chain.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
April 15, 2025 03:54 ET (07:54 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.