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International Business Times
International Business Times
Business
Terry Massey

Stock Markets Rebound As Trump Pauses Tariffs On Automobile Industry

United States Donald Trump Canada Mexico Ford Stellantis USMCA

Wall Street bounced back Wednesday from consecutive bad days on news that President Donald Trump is pausing the potentially devastating automobile tariffs against Canada and Mexico.

The Dow Jones Industrial Average rose 485.60 points, up 1.14% to 43,006.59 points, after losing more than 1,300 points the previous two days. The Nasdaq Composite climbed 1.46% and the S&P gained 1.14% to also end losing streaks.

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