Trump Explores Support for Auto Companies Amid Tariff Concerns

Washington: U.S. President Donald Trump announced Monday that he is considering measures to assist certain automotive companies, responding to inquiries regarding potential tariff exemptions for specific product categories. The president made these comments during a press event with El Salvador's President Nayib Bukele at the White House, following the recent imposition of 25 percent tariffs on imported cars earlier this month.According to Yonhap News Agency, Trump indicated that some automotive companies are transitioning to using parts manufactured in countries like Canada and Mexico, emphasizing that they require some time to begin domestic production. "We are looking at something to help some of the car companies," Trump stated. When questioned about the possibility of granting tariff exemptions for Apple products or smartphones, Trump described himself as "flexible," while maintaining his stance on the issue.Trump further clarified that his intention is not to cause harm but to ensure the U.S. achiev es economic superiority. "But the end result is we are going to get to the position of greatness for our country with the greatest economic power in the world if we are smart," he remarked. He cautioned that failing to act wisely could severely damage the country.Last week, the Trump administration announced an exemption for a variety of electronic devices, including smartphones, laptops, and personal computers, from steep "reciprocal" tariffs, effective retroactively from April 5. This decision offered relief to tech companies concerned about the impact of such tariffs. However, Commerce Secretary Howard Lutnick informed ABC on Sunday that these exemptions are temporary, and that tariffs on semiconductors, which would affect smartphones and other electronics, are expected to be implemented "in a month or two."