Major stock markets in the United States continued a positive trend on Wednesday after the White House confirmed a delay in auto tariffs.
Press Secretary Karoline Leavitt stated during a briefing that the Trump administration had met earlier in the day with top executives from the automotive sector, including those from Ford Motor Co., General Motors Co., and Stellantis NV, to discuss potential changes to tariff plans. She announced that vehicles entering under the USMCA (United States-Mexico-Canada Agreement) would receive a one-month exemption but emphasized that reciprocal tariffs would still take effect on April 2 as scheduled.
At 2:14 pm ET, the Dow soared 1.34% or 568 points and the Nasdaq 100 jumped 1.53%. At the same time, the S&P 500 gained 1.29%. The euro added 1.58% compared to the dollar, changing hands at $1.07751 at 2:14 pm ET.
