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US automakers Ford (F), General Motors (GM), and Stellantis (STLA) are seeing their stocks rally Wednesday morning as Commerce Secretary Howard Lutnick commented that the Big 3 could see exemptions from the tariffs levied against Canada and Mexico. The Trump administration's tariffs were originally forecasted to raise the prices of new cars and trucks by as much as $12,000.
Yahoo Finance host Madison Mills breaks down how the automotive sector is now reacting to tariff policies.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
This post was written by Luke Carberry Mogan.