Stocks are climbing after President Trump announced a one-month tariff exemption for automakers.

The Dow Jones Industrial Average added more than 500 points, or 1.2%, after the White House decision. Ford Motor stock climbed 5% and General Motors added 7%.

Meanwhile, Trump and Canadian Prime Minister Justin Trudeau spoke Wednesday on tariffs with no apparent breakthrough in the trade tensions between the two countries.

In a social-media post Wednesday afternoon, Trump said he had told Trudeau that Canada’s efforts to stop the flow of fentanyl into the U.S. weren’t good enough.

Commerce Secretary Howard Lutnick said earlier Wednesday that a decision was expected this afternoon on the newly instated 25% tariffs on Canada and Mexico, and hinted at a possible compromise involving exemptions for some products.

“My thinking is it’s going to be somewhere in the middle. So not 100% of all products and not none,” he said on Bloomberg TV early Wednesday.

Trump hasn’t, so far, indicated he plans to roll back either the taxes on Canadian and Mexican imports, or the extra 10% tax on Chinese goods. These all went into effect Tuesday, shaking up financial markets.

The president made a brief reference to the prospect of higher consumer prices because of his tariffs in a Congressional speech late Tuesday. “There will be little disturbance,” he said. “We’re okay with that.”

The president also said he would move forward with his plan on reciprocal tariffs, adjusting U.S. levies to match those of other countries.