BUZZ-US automakers fall after Trump threatens 50% tariff raise on automotive amid Canada trade spat
XLY•U.S. automakers fall after tariff threat
** U.S. automakers' shares fall after U.S. president Donald Trump said in a social post that tariffs on all Canadian cars, trucks, automotive parts and steel will be increased to 50% starting January 1
** "Build in the U.S. and there are ZERO TARIFFS. Canada will be treated like a State no longer!" Trump wrote
** Shares of Ford Motor F.N down 2.2%, General Motors GM.N down ~1%, Stellantis STLA.N down 3.2%
** Including session's moves, S&P 500 Automobiles index .SPLRCAUTM index down ~19 YTD
