Auto stocks rose Tuesday after the Trump administration agreed to delay imposing new tariffs on Mexico and Canada, offering relief to an industry that relies heavily on both countries for manufacturing.

Mexico and Canada have no domestically based automakers — yet U.S. vehicle manufacturers have relied on labor from their neighbors to the north and south since the early days of auto production in North America.

The Trump administration has said the tariffs are a strategy to gain leverage on immigration and drug enforcement policies at the U.S.-Mexico border.