Ford Motor Company (NYSE:F) shares are trading higher on Wednesday. Investors may be assessing trade policy along with President Donald Trump’s plans to make interest payments on automobile loans tax deductible for U.S.-made vehicles.
The Details: According to Reuters, the Trump administration is contemplating suspending the 25% tariff on imports from Canada and Mexico for certain products that comply with the USMCA trade agreement, which primarily affects the automotive industry.
Specifically, automakers could be granted a 30-day exemption from the tariffs. …