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Euronews
Euronews
Tina Teng

European markets open higher on hopes of Trump tariff exemptions

US President Donald Trump has hinted at potential relief from auto tariffs to give car manufacturers “a little bit of time” to switch production back to America. His comments followed the decision to temporarily exempt electronic products from duties, marking a further step back from the sweeping trade tariffs announced earlier this month.

“I’m looking for something to help some of the car companies, where they’re switching to parts that were made in Canada, Mexico and other places, and they need a little bit of time because they’re going to make them here,” he said at the Oval Office on Monday.

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