Factbox-US businesses brace for more pain as 'Liberation Day' tariffs loom [Yahoo! Finance Canada]
General Motors Company (GM)
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Source: Yahoo! Finance Canada
President Donald Trump's sweeping new reciprocal tariffs on trading partners, the latest in a series of extensive duties imposed since his return to the White House earlier this year. The fresh duties are expected to take effect immediately after Trump announces them at a ceremony at 4 p.m. Eastern Time (2000 GMT) on Wednesday, labeled "Liberation Day". The threatened levies could be particularly damaging for U.S. companies in sectors already slapped with the duties, with administration officials saying all of Trump's tariffs, including prior rates, are stacking. The following U.S. business sectors are likely most exposed to Trump's reciprocal tariffs: AUTOS & ELECTRIC VEHICLES Trump announced 25% tariffs on auto imports last week on all cars and parts made outside the U.S. These duties will go into effect on Wednesday. The Detroit Three automakers - Ford, General Motors and Stellantis - have a much bigger exposure to manufacturing outside of the U.S. vis-à-vis Elon Musk's
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