Senator Moreno tells Reuters Trump weighing U.S. auto tariff relief

Republican Senator Bernie Moreno, along with auto officials, told Reuters that President Donald Trump is mulling significant tariff relief for U.S. car production that could effectively eliminate much of the costs major auto manufacturers are currently playing. “The signal to the car companies around the world is look you have final assembly in the US: we’re going to reward you,” Moreno said in an interview. “For Ford (F), for Toyota (TM), for Honda (HMC), for Tesla (TSLA), for GM (GM), those are the almost in order the top five domestic content vehicle producers — they’ll be immune to tariffs.” Other publicly traded companies in the space include Lucid Group (LCID), Mercedes-Benz (MBGYY), Nissan (NSANY), Rivian (RIVN), Stellantis (STLA), and Volkswagen (VWAGY).