Shares of General Motors, Ford, and Stellantis climbed on Wednesday after a report suggested that the Trump admin may delay auto tariffs.

President Trump is likely to announce more exemptions from his new tariffs on Canadian and Mexican products, Commerce Secretary Howard Lutnick said Thursday. In an interview with CNBC, Lutnick said Trump is likely to exempt Canadian and Mexican goods and services from tariffs that comply with the U.

The announcement comes after Trump spoke with leaders of the "big 3" automakers, Ford, General Motors ... Commerce Secretary Howard Lutnick said there might be carveouts coming to the 25% tariffs ...

The Trump administration has postponed tariffs for U.S. automakers by one month, while keeping the rest of 25 percent tariffs imposed on Mexico and Canada.

General Motors (GM) and Tesla (TSLA ... multiple unnamed sources told Bloomberg. Commerce Secretary Howard Lutnick said that relief from tariffs for automakers could be unveiled today.

The federal government is pushing back its second and larger round of retaliatory measures against U.S. President Donald Trump’s tariffs — but just by one week — in response to his latest move to delay levies on most Canadian and Mexican goods by one month.

“What he is thinking about is which sections of the market that can maybe — maybe he’ll consider giving them relief,” Lutnick said ... Ford Motor Co., General Motors Co. and the Stellantis ...

The latest comments from Commerce Secretary is a sudden backing away after Tuesday’s tax hike hurt the stock market.