Why it’s on the map
Oshawa builds ~17% of Silverado output; CAMI idled. Section 232 on Canadian vehicles/parts doubles to 50% Jan 1, 2027. 2025 tariff bill $3.1B; 2026 guide $2.5–3.5B BEFORE the doubling.
Government money & contracts
None.
Customers & commercial
US consumers.
Catalysts
A Canada deal before Jan 1 = biggest upside catalyst.
Risk
Parts cross border repeatedly — taxed multiple times.
Tariff durability
Jan 1, 2027 is the binding event.