By David Shepardson

WASHINGTON (Reuters) -U.S. President Donald Trump is considering significant tariff relief for U.S. auto production that could effectively eliminate much of the costs major car companies are paying, Republican Senator Bernie Moreno and auto officials told Reuters on Friday.

“The signal to the car companies around the world is look, you have final assembly in the U.S.: we’re going to reward you,” Moreno said in an interview. “For Ford, for Toyota, for Honda, for Tesla, for GM, those are the almost in order the top five domestic content vehicle producers – they’ll be immune to tariffs.”

Moreno, a former car dealer, serves on the Senate Commerce Committee that oversees auto issues and is active in automotive policy matters.

Automakers’ shares rose on the news first rep

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