Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now
Dow Jumps 600 Points After Tariff Announcement
The Dow rallied on Wednesday after the White House confirmed automakers would be exempted from tariffs on Mexico and Canada for a month. White House press secretary Karoline Leavitt said General Motors, Ford, and Stellantis were given a one-month delay “so they are not at an economic disadvantage" ahead of Trump’s planned reciprocal tariffs, which go into effect April 2. Wall Street likely views the exemption as a sign that the White House may eventually find reasons to walk back or negotiate the tariffs, which sent stocks tumbling on Tuesday.
Terms and Privacy Policy