By Sharon Terlep
Goodyear Tire was a rare bright spot for investors Thursday as its shares climbed more than 12%.
The Akron, Ohio, tire maker not only is insulated from negative effects of tariffs but also could capitalize on the turmoil.
Goodyear produces most of its tires in the U.S. and isn't facing a dramatic increase in manufacturing costs. It could benefit from increased demand if tariffs drive up the cost of cars and Americans try to squeeze more life out of their automobiles.
Reciprocal tariffs announced Wednesday could also hamper competition from low-cost imports from places like Thailand. Shares of Bridgestone, a Japan-based rival, were down 4% in afternoon trading.
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(END) Dow Jones Newswires
April 03, 2025 15:11 ET (19:11 GMT)
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