President Donald Trump suggested he may pause permanent auto tariffs to give carmakers time to shift production back to the U.S., according to the Associated Press. Trump said automakers need time to shift production to the U.S., boosting global auto stocks on Tuesday. Wedbush analyst Dan Ives said the auto industry can't quickly overhaul decades-old supply chains and should prioritize U.S.-made finished vehicles over parts. Auto tariffs are expected to cost automakers billions, disrupt vehicle supply, and raise consumer prices. They have already led to paused operations and temporary U.S. layoffs.
