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Shares of American automotive companies declined after U.S. President Donald Trump announced plans to raise tariffs on Canadian car imports to 50% starting January 2027, asserting that American companies will not be subject to any fees. Ford's stock fell by 2.2%, General Motors by 1%, and Stellantis by 3.2%. Since the beginning of the year, the U.S. automotive industry indices have dropped by approximately 19%, reflecting the impact of trade threats on the market.
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