South Korean and Indian auto-related stocks witnessed a surge amid optimism that US President Trump may ease tariffs on the auto industry. According to plans, Trump intends to exempt certain auto parts, including imported steel and aluminum products, from tariffs, while maintaining the 25% tariff on all foreign-made vehicles. This strategic move aims to alleviate the challenges faced by the auto sector without exacerbating the tariff burden. A White House official clarified that imported cars would not be subjected to additional tariffs, like those imposed on steel and aluminum, in an effort to ease the pressure on the industry.