U.S. automakers and home builders are among the big losers as Trump launches a trade war against Canada
U.S. automakers and home builders are expected to be among the biggest losers as President Trump launches a trade war against Canada with new tariffs on Canadian goods. Analysts note the broad economic effects of the new 50% U.S. levies could be modest for the U.S. overall.
Why it matters — As a major U.S. automaker, GM faces headwinds from the new tariffs on Canadian goods, which could affect its cross-border operations.