Why Toyota Stock Zoomed Nearly 14% Higher on Wednesday

Investors in Japanese stocks breathed a collective sigh of relief on Wednesday, following a deal the country struck with the U.S. to pay lower tariffs on imports.With the powerful Japanese car industry being a particular focus of the deal, Toyota Motor (NYSE: TM) 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. 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 Japanese goods is also to be cut to 15%; previously the level was 25%. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool