Trump tariff live updates: Trump pauses tariffs on some imports from Mexico after Lutnick hints at exemptions

With tariffs on the auto industry partially suspended, automakers like GM, Ford, and Stellantis may see a temporary increase in stock value. The broader market may respond positively to these exemptions as they alleviate immediate economic pressure on these companies. However, the overall uncertainty from ongoing tariff negotiations could still lead to market fluctuations.

Walmart's request for price cuts from suppliers highlights the strain tariffs place on retail operations. If Chinese suppliers do not comply, Walmart could face increased costs, affecting margins and potentially dampening its stock performance.

The increasing tariffs on imports and potential retaliation could lead to decreased consumer sentiment and purchasing power, negatively impacting stocks across consumer discretionary and agricultural sectors. Continuous tariff threats, especially against agricultural products, may lead to volatility in food supply stocks.

The continued escalation of trade tensions and tariffs may also drive investors to favor commodities as safe havens, particularly gold and silver, which could see upward trends amidst the uncertainty in the markets.