Trump's latest tariff threat on Canadian cars could affect ~$45B of U.S. imports, Fitch says

Fitch Ratings estimates that President Trump's proposed tariffs on Canadian cars and auto parts could impact approximately $45 billion in U.S. imports, adding a $4.6B to $5B burden. This would raise the effective tariff rate on Canadian goods from 5.3% to 6.5%. The uncertainty is expected to strain North American supply chains, potentially causing significant economic disruption to Canada's auto industry. Consequently, Ford and General Motors stocks fell following the announcement.