Ford Trucks, GM Pickups, and Canadian Oil Are All Caught in the U.S.-Canada Trade War

TLDR

• The U.S. imposed 50% tariffs on roughly $20 billion of Canadian exports, with Canada vowing to retaliate starting September 8
• Ford and General Motors are in the crossfire, with Canadian-made trucks like the F-350 and Silverado at risk of being excluded from favorable tariff treatment
• Canadian aluminum supplies 68% of U.S. imports, creating a supply crunch that U.S. domestic producers may benefit from
• Canada supplies about 60% of U.S. crude oil imports, putting Canadian energy companies like Suncor and Imperial Oil at risk
• Morgan Stanley suggests tariffs on Canadian aluminum could be reduced from 50% to 25%, but margins would still face pressure

The U.S. and Canada are heading toward a full-scale trade war after Washington imposed 50% tariffs on around $20 billion worth of Canadian exports. The two countries share about $780 billion in annual trade, with deeply linked supply chains across automotive, metals, and energy.

New tariffs are now in effect after US–Canada trade talks fell apart yesterday…

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