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Wall Street Rises on Potential Tariff Exemptions for Auto Industry
Wall Street Rises on Potential Tariff Exemptions for Auto Industry
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On Tuesday, Wall Street experienced gains as investors speculated about possible tariff relief for the auto industry. This Optimism arose after President Trump hinted at potential exemptions for the 25% tariffs imposed on imports. Trump mentioned helping car companies that are switching to parts made in Canada, Mexico, and other places, giving them time to produce parts locally. As a result, General Motors (GM), Stellantis (STLA), and Ford (F) saw their stock prices rise by more than 3%. This excitement continued into today, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all experiencing slight increases.
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