The automotive sector encompasses not only car manufacturers but also, and perhaps primarily, producers of car parts. Until recently, the USA was the only reliable market for European manufacturers, but now uncertainty is the prevailing sentiment.

President Donald Trump is considering a delay of auto tariffs. A temporary pause won’t be enough for automakers to adjust their vast global supply chains but exemptions on parts could be key to the industry.

President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.