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STRONG SELL · GM

Strong Sell GM by Feb 12, 2025.

C
crypto-_-clownreddit
via r/wallstreetbets
· Published Feb 11, 2025 19:52 · Valid until Feb 12, 2025 · FAILURE
Entry
$46.69
Final
$47.80 +2.4%
Target
Score
-1.00
[https://globalnews.ca/news/11013600/donald-trump-canadian-cars-tariff/](https://globalnews.ca/news/11013600/donald-trump-canadian-cars-tariff/) So the raw steel and aluminum that goes into US automotive manufacturing has announced tariffs, [currently scheduled to go into effect for March 12](https://www.reuters.com/markets/commodities/new-steel-aluminum-tariff-rates-take-effect-march-12-executive-orders-show-2025-02-11/), and the President is now threatening a 100% tariff on Canadian cars, and presumably car parts as well. The supply chain is deeply integrated and much worse than a 25% increase in prices caused by this, the entire North American auto sector runs on just in time 24 hour stockpiles. As with the recent de …
— ORIGINAL POST · Trump threatens 100% tariff on Canadian automotive sector · r/wallstreetbets · Feb 11, 2025