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Here are the automakers hit hardest by the tariffs on Mexico and Canada

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Shares of the Big Three automakers slumped on Monday in premarket trade as the impact of 25% tariffs on Canada and Mexico hit the companies hard.
The article from MarketWatch discusses the significant impact of the United Auto Workers (UAW) strike on major U.S. automakers General Motors (GM), Ford, and Stellantis. The strike, which began at midnight, has led to a sharp decline in the stock prices of these companies, with GM shares dropping 2.3%, Ford by 1.8%, and Stellantis by 1.2% in premarket trading. The UAW is pushing for a 40% wage increase over four years, among other demands, which has led to a breakdown in negotiations. The strike affects plants in Michigan, Ohio, and Missouri, potentially disrupting the supply chain that includes parts from Canada and Mexico, where these automakers also have significant operations. The article highlights the interconnected nature of the automotive industry across North America, noting that the strike could have broader implications for the economy, especially if it escalates or prolongs.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/story/the-u-s-automakers-build-assemble-and-use-parts-from-canada-and-mexico-gm-ford-and-stellantis-shares-slammed-dee791ed ]