Ford and Stellantis Drop 4% as Trump Sets 50% Auto Tariffs on Canada

GeopoliticsMacro Impact 4
โดย Yahoo Finance·USCA·Read original
Summary · why it matters

Ford and Stellantis each fell 4% after President Trump announced 50% tariffs on all Canadian vehicles and parts starting January 2027. Ford stock was down to $13.87 and Stellantis to $5.19 in Monday mid-morning trading, while General Motors slipped 2% to $86.28. The announcement came in a Truth Social post in which Trump accused Canada of ripping off the United States and cited a $60 billion trade deficit. The move follows the collapse of U.S.-Canada trade talks late Friday, with Canada's ambassador Mark Wiseman saying the written trade text diverged from what Canada believed it had agreed to. Washington separately applied 50% tariffs to about $20 billion of Canadian goods, and Canada announced counter-tariffs scheduled for September 8.

Impact on stocks 4

Electrification & Mobility▼ · 3 stocks
Ford Motor Company
F
▼ NegativeTariffrelevance

Trump's 50% tariffs on Canadian vehicles and parts directly hit Ford's production and sales.

Stellantis NV
STLA
▼ NegativeTariffrelevance

Stellantis fell 4% on the 50% tariffs on Canadian vehicles and parts.

General Motors Company
GM
▼ NegativeTariffrelevance

General Motors slipped 2% due to the same tariffs, though less affected than Ford and Stellantis.

Artificial Intelligence▲ · 1 stocks
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