“US stock markets react mixed to Trump’s car tariff; Tesla and Rivian gain, positive economic reports stabilize.”

US stock markets experienced a mix of reactions following President Trump’s announcement of a 25% tariff on imported cars, impacting automakers such as General Motors and Ford. However, companies like Tesla and Rivian, which have more US-based production, saw gains amidst the uncertainty. The markets were also influenced by positive economic reports indicating a decrease in unemployment benefit claims and strong overall growth, which helped stabilize the situation. Meanwhile, European and Asian markets displayed diverse responses based on their individual local conditions, reflecting the global impact of such trade policies.

In Trend

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