Ford Shares Fall 4% After Trump Announces 50% Canadian Auto Tariffs
Ford shares fell about 4% to $13.87 after President Trump announced a sharp escalation of auto tariffs on Canadian imports. A 50% duty on Canadian vehicles and automotive parts is set to start January 1, 2027, and the policy risk repriced on Monday. The move followed a U.S.-Canada trade-talk collapse, and Canada announced counter-tariffs effective September 8.
Coverage (5)
- Trump's Canada tariffs take aim at America's favorite cars (businessinsider.com)
- US-Canada trade war heats up as Trump threatens to hike auto tariffs (bbc.co.uk)
- 50% Canada tariffs put pressure on Ford, GM: Alphaspace (finance.yahoo.com)
- Trump announces new 50% tariff on Canadian cars, trucks and steel (theguardian.com)
- Ford and Stellantis Drop 4% as Trump Sets 50% Auto Tariffs on Canada, General Motors Slips (247wallst.com)