Why Toyota Motor Rallied This Week

Shares of Toyota Motor (NYSE: TM) 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.On Tuesday, the Trump administration struck a trade deal with Japan, which would lower the threatened "Liberation Day" tariff rate from 24% to 15%. While that might not seem like that much of a decrease, cars are high-ticket items, so the new tariff duties could make thousands of dollars' difference to the end price consumers may have to pay. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool