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-0.00230975746344887 -0.00230975746344887 0.000814784370560942 0.000814784370560942 0.000814784370560942 -0.00224967012048719 -0.0050521437962222 -0.0157693222868763
Stock impact report

Can Canada trust CUSMA when Trump says it's ‘irrelevant'? [Wealth Professional (Canada)]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Trump is signalling he can walk away from the Canada-US-Mexico Agreement (CUSMA) just as the trade deal that anchors North America's auto supply chains heads into a make-or-break review. During a visit to a Ford plant in Dearborn, Mich., he called CUSMA “irrelevant” for the US and said “Canada would love it. Canada wants it. They need it,” while urging companies to bring manufacturing back to American soil, according to BNN Bloomberg. He added “The problem is we don't need their product. We don't need cars made in Canada, we don't need cars made in Mexico, we want to make them here.” That rhetoric runs directly against how the auto industry actually operates. The Detroit Three rely on deeply integrated supply chains with significant parts production and vehicle assembly in Canada and Mexico, and they build hundreds of thousands of vehicles a year in both countries, as reported by Reuters Major automakers have urged Washington to extend CUSMA, arguing it is crucial to Americ Show less Read more
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