Goodyear stock gets Trump-tariff bounce, non-US tyremakers down

President Trump has said for months that he will introduce swingeing tariffs in a bid to restore the economic fortunes of the United States of America. A large part of the rationale behind the tariffs is his strategy of supporting US manufacturing. If that is the case, Goodyear has benefitted too with its shares up as much as 14 per cent when trading opened on the morning of 3 April, before falling slightly afterwards. Whatever figure Goodyear stock closes at, it looks likely to be up in the double-digit or high single-digit range. And that stands in stark contrast to the rest of the top five global tyremakers, all of which were down single-digit percentages following the official announcement of Trump’s tariffs.