President Donald Trump is weighing a plan to offer tariff relief to companies that produce cars in the U.S., according to a Reuters report on Friday that quoted Republican Sen. Bernie Moreno and auto-industry officials. Companies that assemble cars domestically, such as Ford Motor Toyota Motor Honda Motor Tesla and General Motors would effectively be shielded from tariffs, the Ohio Senator said in the interview. Shares in American car maker Ford shot up 3% following the article, while GM gained 1.5%.
