$BTC

This is positive news for both the crypto and stock markets—especially U.S. auto companies. Lower costs for manufacturing cars in America could lead to higher profits and greater investor confidence.

President Donald Trump is set to hold a rally in Michigan on Tuesday to mark his first 100 days in office. As part of his agenda, he’s easing import taxes on car parts to support U.S. automakers. The policy favors companies that build vehicles in the U.S. while maintaining tariffs on fully imported cars.