🔴 Toyota is trading 3.5% down in pre-market after renewed tariff threat to Canadian assembly lines

Toyota is trading 3.49% down now at $191.15 amid renewed concern that proposed 50% U.S. tariffs on Canadian auto imports could force Toyota and Honda to close Canadian assembly lines.

• Toyota and Honda represent more than three-quarters of Canadian vehicle production, raising exposure to the January 1, 2027 tariff threat.
• September 1 Canadian sales were constructive; electrified sales rose 35.6% year over year, but tariff uncertainty persisted.
• Risk-off sentiment, higher oil prices and rising bond yields pressure equities.