The president said he'd lower tariffs on countries other than China but it did not apply to industrial sector tariffs like autos.

Auto stocks pulled higher after President Trump backed off and announced a 90-day pause on tariffs for most countries, yet at the same time he increased levies on China, and kept auto tariffs in place.

President Donald Trump on Wednesday paused for 90 days many tariffs but is not halting 25% tariffs on automotive imports and looming tariffs on auto parts, drawing criticism from Michigan business and auto groups.

South Korea’s government has announced emergency support measures for the country’s auto sector to help ease the impact of U.S. President Trump’s tariffs.

South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of U.S. President Donald Trump's tariffs on a sector that has seen years of sharply rising exports to the United States.

Analysts said that Trump may have a preference to propose aggressive tariffs in order to extract quick concessions in a negotiation, adding that auto tariffs will put upward press