Why Toyota Motor Rallied This Week
The Trump administration and Japan struck a trade deal that was better than feared.Shares of Toyota Motor (TM -1.65%) rallied 11.8% this week, according to data from S&P Global Market Intelligence.Toyota didn't have any major company-specific news this week, as it doesn't report Q2 earnings until Aug. 7. However, there was big news on the trade front, with the Trump administration and Japan inking a trade deal that would put milder-than-expected tariffs on Japanese imports, including Toyota cars.Will recent ...