President Donald Trump said car companies “need a little bit of time” to move part manufacturing into the United States.

Auto stocks jumped on Monday afternoon after President Trump hinted tariff relief might be coming. “I’m looking at something to help some of the car companies, where they’re switching to parts that were made in Canada,

The comments pushed stocks such as Ford, GM and Chrysler parent Stellantis higher, swinging from trading levels or negative to being up between 1% and 4%.