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NATO members last year pledged to spend 5% of GDP on defense by 2035, or roughly $3 trillion a year, up from the previous 2% target.

Some analysts see Ford's and GM's investments in Canada as proof that pickup trucks are one area where the country remains competitive

New Canada tariffs are landing as a direct bill to two of America's biggest automakers, and the ripple effects stretch well beyond car lots into the housing market and household budgets.

In something of an unexpected consequence, Japanese automakers Toyota and Honda have more to lose than any US automaker from President Trump's threatened tariffs on Canadian-built vehicles.

Its electric and energy arm is guided to a multibillion-dollar loss, and the launches meant to justify that spending arrive just as a one-off tariff benefit disappears.

Aug 30 () - General Motors workers in Canada ‌on Sunday approved ‌an agreement that would build ​a new heavy-duty truck in Ontario, as part of C$1.97 ‌million) pledged ⁠for its plants in a country ⁠now reeling from U.

Trump's January 1 deadline gives GM and Ford just four months to rethink supply chains that took decades to build, and a little-known legal wrinkle could make the whole tariff structure collapse before either company finishes planning around it.

Catch up on the stories we’re following today

Yahoo Finance Break Business News Report Jake Conley joins Brooke DiPalma to discuss how the latest US tariffs on Canadian auto imports could affect automakers that rely on Canadian-made parts, including Ford (F) and General Motors (GM).

Another trade war has started with a volley of tariff threats, and this time the fight is with America’s neighbor and closest trading partner, Canada. While the U.S. has held several formal negotiations with Mexico this year about the USMCA, it hasn’t done so with Canada.

Trade talks between the U.S. and Canada collapsed in the 11th hour Friday, renewing fears of an all-out trade war as new tariffs went into effect over the weekend. Ford and Stellantis shares slipped Monday after President Trump announced a 50% tariff on automobiles and auto parts from Canada come January.

Trump’s Canada tariff threat hit Detroit broadly, but Stellantis has the most awkward plant problem sitting right in the middle of it.

GM, Ford, and Stellantis shares were lower as trade talks between Canada and the U.S. broke down over the weekend.

By Promit Mukherjee and Bhargav Acharya OTTAWA, Aug 22 (Reuters) - Prime Minister Mark Carney said on Saturday that Canada would impose tariffs starting September 8 on imports of U.S. steel,

General Motors (NYSE:GM) Chief Financial Officer Paul Jacobson said the automaker’s first half performed “remarkably well,” supporting an increase in full-year guidance, while cautioning that the second half faces pressures from commodity inflation, onshoring costs and vehicle launch activity. Spea

Tesla Inc. CEO Elon Musk has backed the automaker’s domestic manufacturing prowess amid President Donald Trump‘s tariffs on the auto industry. Domestic Assembly, Domestic Parts On Saturday, podcast host Katie Miller took to the social media platform X, sharing a...

Also: GM and Ford clash over tariffs and trade policies; Chinese carrier opens Arctic shipping route.

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has backed the automaker’s domestic manufacturing prowess amid President Donald Trump‘s tariffs on the auto industry. Domestic Assembly, Domestic Parts On Saturday, podcast host Katie Miller took to the social media platform X, sharing a screenshot of a Wall Street Journal article outlining Ford Motor Co. (NYSE:F) and General Motors Co.‘s (NYSE:GM) domestic manufacturing push. “Every Tesla sold in the United States is assembled in the United States,” she sa

"The bottom line is that the US economy continues to be supported by a growing set of tailwinds."

America’s trade war has left its two largest automakers sparring over favorable tariffs on imports, batteries and more.

Investing.com -- The US and Canada still have significant differences to resolve before an August 19 deadline for threatened 50% tariffs on a range of Canadian products, Bloomberg reported on Saturday.

Automakers are fairly stable in pre-market trading as traders are waiting on the CPI figures. At this point, the markets are waiting to get a read on inflation as well.

President Donald Trump said that his administration’s newly imposed U.S. tariffs are effectively the same as the tariffs the Supreme Court ruled illegal earlier this year. On Tuesday, in an interview with Fox News, Trump said, "It’s a shame that...

The Michigan governor’s office estimates that the taxes have cost every family in the automaking state an average of $1,000 per year.

Trump stood before autoworkers at a GM proving ground and promised his tariffs had revived American manufacturing, but Michigan employment data from the same period tells a sharply different story about who is actually paying the price.

(Bloomberg) -- President Donald Trump championed his economic agenda, including tariffs and the rolling back of environmental regulations, saying they had revived US auto manufacturing, during a visit to a General Motors Co. facility in the midterm battleground of Michigan.Most Read from BloombergDeepSeek Suspends Fundraising After Viral US-China PostsNvidia’s $750 Billion in Deals Reignite Circular AI FearsS&P 500 Wobbles as AI Angst Offsets Oil Decline: Markets WrapChina Chipmaker CXMT Jumps 4

Barclays senior autos analyst Dan Levy joins Market Domination to discuss General Motors (GM ) latest earnings, what the automaker's results reveal about the broader auto market, and how tariffs could affect vehicle sales and the industry's outlook.

The steel producer’s earnings are expected to more than double in the coming months as steel prices continue to climb and supplies remain tight as a result of tariffs.

General Motors shares are on a heater this week after the automaker reported second-quarter results ahead of expectations and raised its full-year guidance. Despite formidable headwinds, including tariffs and rising gas prices, GM reported a 30% increase in profits year over year. GM's ...

The automaker also cited cost pressures tied to inflation and the manufacturing expenses related to onshoring more production to the U.S. for the decline in Q2 profit.