Trump tariff live updates: Lutnick says broad Mexico, Canada exemptions could follow auto carveout

The recent tariff exemptions for U.S. auto manufacturers may provide short-term relief to companies like GM and Ford, resulting in a positive outlook in the near term as investor sentiment could improve amidst reduced immediate economic pressures. However, the long-term outlook remains uncertain due to potential retaliatory tariffs and broader economic impacts.

Walmart's request to Chinese suppliers to lower prices in anticipation of tariffs suggests that they expect cost pressures to impact margins. If suppliers refuse, Walmart may have to absorb higher costs, which could negatively affect its profitability. Hence, investors should be cautious about Walmart’s stock performance in the short term.

The energy sector, particularly crude oil, is facing volatility due to the tariffs. As tariffs on Canadian crude oil kick in, U.S. producers like Occidental Petroleum may benefit from less competition, which could drive stock prices higher. Investors may consider this as a potential positive signal for stocks in the energy sector.