General Motors Corp., after a series of twists and complications, received final approval to go racing in Formula One in 2026.
StockStory.org on MSN3d
Why Is General Motors (GM) Stock Soaring TodayShares of automotive manufacturer General Motors (NYSE:GM) jumped 8.2% in the mid-day session after the Trump administration announced a one-month delay for tariffs on automakers whose cars comply with the United States-Mexico-Canada Agreement.
Yen on MSN1d
Trump car tariff pivot and Detroit's 'Big Three'After an outcry from Detroit, President Donald Trump has granted one-month tariff exemptions on most auto imports from Canada and Mexico, underscoring the continued clout of US carmakers.
WASHINGTON — President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers, amid fears that the trade war could harm U.S. manufacturers.
U.S. stocks climbed after President Trump pulled back on some of his tariffs, raising hopes he may avoid a worst-case trade war that grinds down economies and sends inflation higher.
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