The Zhitong Finance App learned that on Monday, the US auto sector was under pressure. As of press release, Ford (F.US) stock price fell 2.9%. According to the news, Trump threatened to impose tariffs of up to 50% on all cars and trucks imported from Canada. Trump announced that starting January 1, 2027, the US will raise tariffs on all Canadian cars, trucks, auto parts, and steel to 50%. At the same time, he said that there are “zero tariffs” on related products produced in the US. Trump also said that the US “doesn't need Canada, Canada needs America,” and said that 95% of Canada's business is related to the US, and the US situation is “just the opposite.”

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