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US stocks gain on Trump pausing auto import tariffs on Canada and Mexico


Published on 2025-03-05 21:01:15 - FXStreet
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  • The US stock market lurched upward in the mid-afternoon session on Wednesday after US President Donald Trump offered a one-month pause on 25% tariffs on vehicle imports manufactured in Canada and Mexico. The Detroit automakers rallied on the news. Ford (F) stock shot up 5%, while General Motors (GM) stock lifted 7%, and Stellantis (STLA) spiked 9%.

The article from FXStreet discusses the positive movement in U.S. stock markets following President Trump's decision to pause auto import tariffs on Canada and Mexico. This decision was part of ongoing trade negotiations, particularly in light of the U.S.-Mexico-Canada Agreement (USMCA). The pause in tariffs alleviated concerns about potential trade wars and their economic repercussions, leading to gains in major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq. The market's reaction was also influenced by broader economic indicators, including employment data and corporate earnings, which together painted a cautiously optimistic picture for investors. However, the article notes that while this news provided a short-term boost, uncertainties around global trade policies and other geopolitical issues continue to loom over the market's long-term outlook.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/news/us-stocks-gain-on-trump-pausing-auto-import-tariffs-on-canada-and-mexico-202503051940 ]