Why Toyota Stock Zoomed Nearly 14% Higher on Wednesday

With the powerful Japanese car industry being a particular focus of the deal, Toyota Motor (TM 13.60%) was a major beneficiary of that sentiment. The storied automaker's stock popped by nearly 14% over the course of that day, easily beating the 0.8% bump of the S&P 500 index. It was all about the tariffs Late Tuesday, Japan and the U.S. reached a trade agreement stipulating that tariffs on auto imports from the country would be reduced substantially, to 15% from the preceding 27.5%. The levy on other Japane ...