Traders work on the floor of the New York Stock Exchange in New York City on Tuesday as stocks continued sliding but rebounded Wednesday as President Donald Trump delayed tariffs on Canada and Mexico. Photo by John Angelillo/UPI | License Photo
March 5 (UPI) — President Donald Trump on Wednesday delayed imposing 25% tariffs on autos produced in Canada and Mexico, which triggered a rally in U.S. stocks during afternoon trading.
The Dow Jones Industrial Average rebounded by 550 points for a 1.3% gain on Wednesday, ABC News reported.
The S&P 500, likewise, rallied with a 1.16% gain to 5,842.63, and the NASDAQ Composite rose 1.46% to 18,552.73, CNBC reported.
The market increases occurred during afternoon trading after Trump earlier Wednesday announced he was delaying the 25% tariffs for a month.
Trump on Tuesday imposed the 25% tariffs on Canadian and Mexican imports and a 10% tariff on goods from China but…
