Trump says he's looking at certain tariff exemptions for automakers: 'They need a little bit of time'

President Donald Trump told reporters Monday afternoon that he was "looking" into potential part-specific tariff exemptions for carmakers, underscoring Trump's stance that it is important to be "flexible" amid the current trade negotiations.

Trump's signal about a potential reprieve for auto manufacturers comes after the administration moved to exempt electronic devices — such as smartphones, iPhones and laptops — from the president's reciprocal tariffs on Friday. Trump's decision to provide...