Trump Threatens 100% Tariff on All Canadian Goods

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.Trump threatens 100% tariff against all Canadia goods, productsTARIFFS:On Truth Social, President Donald Trump wrote, "If Governor Carney thinks he is going to make Canada a "Drop Off Port" for China to send goods and products into the United States, he is sorely mistaken. China will eat Canada alive, completely devour it, including the destruction of their businesses, social fabric, and general way of life. If Canada makes a deal with China, it will immediately be hit with a 100% Tariff against all Canadian goods and products coming into the U.S.A. Thank you for your attention to this matter!"SABLE OFFSHORE RESTART:California Attorney General Rob Bonta filed a lawsuit against the Trump administration over a December decision by the Pipeline and Hazardous Materials Safety Administration, an arm of the Transportation Department, to give the green light for a plan by Sable Offshoreto restart moving oil through the Las Flores oil pipelines in the state, reported.U.S. AUDI FACTORY:Volkswagenwill not continue its plans to create an Audi factory in the U.S. unless auto tariffs are reduced, William Wilkes of Bloomberg, citing comments made by Chief Executive Officer Oliver Blume to Germany's Handelsblatt newspaper. Audi has been debating on manufacturing in America since 2023, initially encouraged by subsidies, but this has shifted since the Trump administration placed tariffs on European carmakers.GOVERNMENT DEAL:USA Rare Earthannounced its entry into a non-binding Letter of Intent, LOI, with the U.S. Department of Commerce and a collaboration with the U.S. Department of Energy, DOE. The Department of Commerce's CHIPS Program has provided an LOI covering a total of $1.6B, including $277M in proposed federal funding and $1.3B in a proposed senior secured loan under the CHIPS Act. In conjunction with this announcement, USAR has raised a common stock PIPE in the amount of $1.5B anchored by Inflection Point with participation from large mutual fund complexes. "This landmark collaboration with the U.S. Government represents a transformative step in USAR's mission to secure and grow a resilient, independent domestic rare earth value chain," said Barbara Humpton, Chief Executive Officer of USA Rare Earth. "We are grateful to President Trump, Secretary Lutnick, and Secretary Wright for their support and recognition of the strategic importance of rare earth materials and permanent magnets. With this unprecedented show of public and private support for our Company, we are positioned to accelerate the build-out of important domestic capabilities that are essential to U.S. national security, global economic competitiveness, and critical technologies of the future."