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President Trump's statement regarding aid for automakers shifting production to the U.S. boosted auto stock prices. Following a meeting with Salvadoran President Bukele, Trump indicated he's exploring ways to assist companies transitioning from foreign to domestic parts. This comes after he imposed 25% tariffs on imported vehicles on April 3rd, although some tariffs were recently reduced. While some automakers like Ford and Stellantis saw gains of 1-4%, Tesla saw a 2% decline, and others saw smaller increases.

Prepared by Christopher Adams and reviewed by editorial team.