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US stocks rise after Trump exempts Canada and Mexico from auto tariffs, benefiting automakers.
US stocks surged on Wednesday after President Trump announced a one-month exemption from tariffs on auto imports from Canada and Mexico.
The Dow Jones, S&P 500, and Nasdaq each saw gains of about 1.1%, 1.12%, and 1.46%, respectively.
This decision particularly benefited automakers like Ford and General Motors, whose stocks rose over 5%.
Despite the positive market reaction, Trump did not rescind all tariffs, especially those on China, leaving some market uncertainty.
The move was seen as a step towards avoiding a severe trade war that could harm the economy and increase inflation.
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Las acciones estadounidenses aumentan después de que Trump exima a Canadá y México de aranceles de automóviles, beneficiando a los fabricantes de automóviles.