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President Trump hinted at potentially temporarily exempting the auto industry from tariffs, giving carmakers time to adjust their supply chains. This follows a pattern of tariff reversals, causing market volatility and concern among economists. Trump also discussed "helping" Apple CEO Tim Cook amidst tariff fluctuations impacting Apple products assembled in China. While some companies gained temporary relief, uncertainty remains, with economists warning of potential irreversible damage to market confidence. Trump accused China and Vietnam of conspiring to harm the US economically.

Prepared by Christopher Adams and reviewed by editorial team.