The stock market surged on Wednesday after the Trump administration granted automakers a one-month exemption from tariffs imposed a day earlier. The Dow Jones Industrial Average closed the trading session up nearly 500 points, or 1.1%, while the S &P 500 also jumped 1.1%. The tech-heavy Nasdaq increased nearly 1.5% on Wednesday.
The White House said Donald Trump spoke to Stellantis, Ford, and General Motors officials who asked for the tariffs exemption.
This announcement comes after Trump had a meeting Wednesday with the leaders of Ford, General Motors, and Stellantis.
President Donald Trump has approved a request to exempt automobiles from tariffs that have been imposed on imports from Canada
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback