Trump says U.S. will hike Canada auto tariffs to 50% as trade war escalates

This auto tariff escalation with Canada is going to absolutely wreck the supply chain for Ford and GM if it actually goes through. The auto sector basically runs entirely on a just-in-time model where parts cross back and forth over the Canadian border a ton of times before the car is even finished. Slapping a 50% tariff on the Canadian side means massive margin compression for anyone heavily reliant on Ontario plants. Beyond the big OEMs, tier 1 suppliers like Magna International are probably g

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