Ford drops as Trump sets 50% tariff on Canadian-made vehicles for 2027
-3.33% to $13.93 from $14.41
What moved F
- Trump said tariffs on cars, trucks, auto parts and steel imported from Canada would rise to 50%, effective January 1, 2027.
- Ford shares declined on the announcement, alongside a similar move in Stellantis shares, with General Motors slipping by a smaller margin.
- The tariff threat followed the collapse of U.S.-Canada trade talks after Canadian negotiators left Washington without a deal, triggering separate new tariffs on roughly $20 billion of Canadian goods.
- U.S. Trade Representative Jamieson Greer said Canada sought additional concessions late in the talks, after Washington had offered to substantially cut auto tariffs and ease softwood-lumber duties.
Sources: CNBC · 24/7 Wall St.