Trump tariff live updates: Trump pauses auto tariffs after speaking with Canada's Trudeau, Big 3 CEOs

Automakers may benefit from the temporary exemption from tariffs, leading to a short-term boost in their stock prices. These companies, especially Ford (F) and General Motors (GM), could see positive investor sentiment as they avoid immediate cost increases. However, the long-term outlook remains uncertain due to potential future tariffs and retaliatory measures from trade partners.

While automakers are experiencing a short-term uplift, companies in sectors sensitive to tariffs, such as consumer goods and agriculture (particularly farmers impacted by retaliatory tariffs), may face longer-term challenges. As inflation rises, consumer spending could decrease, affecting profits across various sectors. The uncertainty surrounding trade policies may lead to negative sentiment in markets overall. Looking specifically at Chinese imports and agricultural sectors affected by tariffs, companies like Archer Daniels Midland (ADM) may suffer.