GM slips as new 50% Canada auto tariff adds to trade-war risk
-1.08% to $86.98 from $87.93
What moved GM
- GM shares fell after Trump’s tariff announcement, a smaller decline than the drops registered by Ford and Stellantis.
- The new 50% tariff on Canadian vehicles, parts and steel is set to take effect January 1, 2027, so Monday’s move repriced an announced future cost rather than an immediate one.
- The announcement came as U.S.-Canada trade talks collapsed, with Canadian Prime Minister Mark Carney recalling negotiators and Canada saying it would impose retaliatory tariffs beginning September 8.
Sources: 24/7 Wall St. · CNBC