President Donald Trump has floated the idea of again pausing tariffs on cars as U.S. automakers deal with ongoing uncertainty around his policies and devise ways to potentially mitigate their impact ahead of quarterly earnings.
Some U.S. autos will be exempt from Canadian tariffs as long as they continue manufacturing in Canada, the Canadian government said Tuesday, following reports of related layoffs impacting both Canadian and U.S. companies impacted by President Trump's escalating trade war.
Canada will allow some relief to domestically-based automakers and manufacturers in specific sectors from counter-tariffs provided they meet certain conditions, the Finance Ministry said on Tuesday.
Ford Motor Company (F 4.45%) stock has lost nearly 26% value in one year, as of this writing. The steep fall has driven the stock's dividend yield up to a juicy 6.5%, based on its April 11 closing price of $9.14 per share.
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President Donald Trump said Monday he is “looking at something to help some of the car companies” with the tariffs he has imposed, and shortly after the comment from the Oval Office, share prices for American automakers Ford and General Motors increased.
Shares of automakers jumped during midday trading Monday following President Donald Trump saying he's looking to "help some of the car companies." The gains pushed stocks such as Ford Motor, General Motors and Chrysler parent Stellantis from trading level or negative to being up between 1% and 4%.
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