US Stocks Rally After Trump Pauses Canada, Mexico Auto Tariffs
US stocks rallied on Wednesday as President Trump provided a one-month auto tariff exemption to automakers. The tech-heavy Nasdaq Composite led the gains, rising more than 1.4%, while the Dow Jones Industrial Average and S&P 500 also rose roughly 1.1%. Shares of Ford, GM, and Stellantis all surged at least 5% in response to the news.
- This unexpected move may signal a shift in Trump's trade policy, which could have significant implications for the global automotive industry and beyond.
- How will this exemption impact the broader trajectory of US-China trade tensions and the potential for future tariffs on other sectors?