Ford and GM Face Tariffs on Cars Made in Canada
New U.S. tariffs on Canadian goods, including autos, are expected to hit Ford because cars made in Canada must be tariffed into the U.S. Economists note Ford’s guidance already assumes about $2 billion in commodity headwinds, and GM saw roughly $900 million in gross tariff impact in Q2, with both firms likely to revise EBIT ranges as Canada’s retaliation starts Sept. 8.