Trump Has a ‘Concept’ for a Canada Deal, Carney Says ‘Not Quite There,’ and Canadian-Built Cars Still Face a Jan. 1 Threat
Published . Updated .
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A Canada auto tariff deal has a 'concept,' no text and no rates. Carney says 'not quite there.' What the 25% duty and Jan. 1 deadline mean.
Directly affected
- No company is named in this report.
Indirectly affected
- CARZ First Trust S-Network Future Vehicles & Technology ETF
First Trust S-Network Future Vehicles & Technology ETF: it holds carmakers and parts makers. Linked by “cars” (autos) in this story.
- XLY Consumer Discretionary Select Sector SPDR+5.7% 30d
Consumer Discretionary Select Sector SPDR: it holds carmakers and parts makers. Linked by “cars” (autos) in this story.
- XLI Industrial Select Sector SPDR-0.3% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- EWC iShares MSCI Canada ETF+0.9% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).
- BWX SPDR Bloomberg International Treasury Bond ETF
SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Canada
- EFA iShares MSCI EAFE ETF-0.7% 6d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Canada
- TSLA Tesla+0.2% 30d
Tesla (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “cars” (autos) in this story.
- GM General Motors+3.3% 30d
General Motors (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “cars” (autos) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CARZ | +10.62% | +10.62% | base | after close | after close | after close | after close |
| XLY | +0.50% | +4.03% | base | after close | after close | after close | after close |
| XLIPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| EWC | +1.43% | +3.07% | base | after close | after close | after close | after close |
| BWXPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| EFAPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| TSLA | +12.76% | +7.53% | base | after close | after close | after close | after close |
| GM | +4.35% | +7.24% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Trump Has a ‘Concept’ for a Canada Deal, Carney Says ‘Not Quite There,’ and Canadian-Built Cars Still Face a Jan. 1 Threat The Auto Wire
Source: The Auto Wire
This story
| Company | When | Move | Status |
|---|---|---|---|
| CARZ | three days earlier | +10.62% | final price |
| CARZ | five days earlier | +10.62% | final price |
| EWC | three days earlier | +3.07% | final price |
| EWC | five days earlier | +1.43% | final price |
| GM | three days earlier | +7.24% | final price |
| GM | five days earlier | +4.35% | final price |
| TSLA | three days earlier | +7.53% | final price |
| TSLA | five days earlier | +12.76% | final price |
| XLY | three days earlier | +4.03% | final price |
| XLY | five days earlier | +0.50% | final price |
Trades by members of Congress and officials in the stocks in this story
- Sen. John Boozman sold EFA (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 60 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Pete Sessions sold Tesla (TSLA) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 37 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Tesla (TSLA) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 44 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Tesla (TSLA) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 58 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold General Motors (GM), worth $1,001 - $15,000 on 24 Aug 2026. That is 76 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Trump Has a ‘Concept’ for a Canada Deal, Carney Says ‘Not Quite There,’ and Canadian-Built Cars Still Face a Jan. 1 Threat” scores 12 out of 100. The score uses 1 sources.