Shares of automakers surged by more than 3 percent after President Donald Trump hinted he could offer “help” to car companies. Speaking to reporters from the White House on April 14, the president said he may assist automakers in making the tariff-driven transition from Canada, Mexico, and other foreign markets. “I’m looking at something to help some of the car companies where they’re switching to parts that were made in Canada, Mexico, and other places,” Trump said alongside Salvadoran President Nayib Bukele. U.S. automakers may require additional time to adjust when they start producing more vehicles and car parts in the United States, he added. Shares of General Motors and Ford rallied more than 3 percent on the news. Chrysler parent Stellantis climbed by nearly 3 percent. Tesla Motors slumped by 2 percent. The president recently implemented 25 percent tariffs on automobiles manufactured outside the United States. Import duties on foreign car parts will go into effect next month. Meanwhile, when asked if he would extend help to Apple products and other technology items, Trump said he is a “very flexible person.” “I don’t change my mind, but I’m flexible, and you have to be,” the president said. “You just can’t have a wall, and sometimes you have to go around it, under it, or above it.” Trump noted that some ideas could arise when he speaks with Apple CEO Tim Cook. The Trump administration says the reprieve will be short-lived. “We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations,” he wrote. Commerce Secretary Howard Lutnick confirmed to ABC’s “This Week” that the exemptions will only be temporary until another batch of levies is introduced. “They’re exempt from the reciprocal tariffs, but they’re included in the semiconductor tariffs, which are coming in probably a month or two,” Lutnick said. Trump and senior administration officials have touted the trade agenda as an initiative to restore domestic manufacturing and ensure the United States manufactures automobiles, semiconductors, and other products. Others are skeptical that this goal can be achieved. Former Treasury Secretary and Federal Reserve Chair Janet Yellen described the president’s tariff campaign as a “huge self-inflicted wound” and said that returning manufacturing to the United States is “a pipe dream.” “I don’t understand the rationale for the tariffs,” she said in an interview with CNBC’s “Squawk Box” on April 14. “If what you’re trying to do is reduce the trade deficit, imposing tariffs is not going to be successful and is not the way to go about doing that.” “Adding American manufacturing helps us better meet the incredible and growing demand for AI chips and supercomputers, strengthens our supply chain and boosts our resiliency,” Jensen Huang, Nvidia’s founder and CEO, said in a statement. Trump told reporters that Nvidia is doing this “because of a thing called tariffs,” adding that he is “honored” by the decision. “Nvidia is one of the greatest companies of the world, modern, super modern,” the president said. The recent announcement builds on the growing list of U.S. and foreign tech juggernauts pledging billions in new manufacturing initiatives.