Auto stocks jump in Asia as Trump considers tariff exemption

Toyota, Hyundai suppliers rise, but rally could prove brief, says analyst

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Auto workers in Fukuoka, Japan: Washington on April 3 imposed an additional 25% tariff on all imported vehicles and said it plans to extend the levies to major components. (Photo by Shinya Sawai)

JADA NAGUMO

TOKYO -- From Japan to South Korea, shares of automakers and auto parts manufacturers jumped Tuesday morning, following U.S. President Donald Trump's suggestion that he is considering temporarily exempting the industry from his previously announced 25% tariff.

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