By Jarrett Renshaw

(Reuters) -President Donald Trump frequently describes a booming U.S. auto industry, fueled by new factories from Canada, Mexico and Europe that he says will soon be producing American-made vehicles for global markets – from Tokyo to Paris.

“We have so many car company factories under construction or being designed right now. And they’re coming from China. They’re coming from Mexico,” Trump said at a White House event earlier this month. A few days later, he lamented the loss of U.S. car production over the years, and proclaimed: “Car factories are coming back.”

But there is little evidence of a construction binge of new U.S. car factories. Instead, auto companies are making tactical moves at existing plants as they adapt to the two pillars of Trump’s second-term busi

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