Rep. Stevens Says Canadian Tariffs Are Squeezing Michigan

Watch on YouTube ↗  |  September 06, 2026 at 14:42  |  12:44  |  Bloomberg Markets
Speakers
Haley Stevens — U.S. Representative, Michigan

Summary

Representative Haley Stevens discusses how escalating US tariffs on Canadian goods are raising costs, creating uncertainty, and hurting Michigan's manufacturing sector and integrated auto supply chain. She says Ford and Magna are particularly exposed, criticizes the Trump administration's trade approach, and promotes her Tariff Refund Act to give households up to $1,700. The conversation also touches on consumer costs, credit card debt, and midterm politics.

  • Michigan manufacturers and small businesses are facing tariff-driven cost pressure and uncertainty.
  • The US-Canada auto supply chain is deeply integrated and exposed to tariffs.
  • Ford, Magna, and Bosch are cited as companies affected by the trade disruption.
  • Stevens warns the Detroit auto recovery and F-Series truck production could be compromised.
  • She promotes the Tariff Refund Act to return tariff revenue to households up to $1,700.
  • She criticizes the administration for starting a trade war with Canada rather than confronting China.
  • She also mentions $1.3 trillion in credit card debt and the risk of a next housing bubble.
Ideas
Haley Stevens U.S. Representative, Michigan 1:20
Tariffs squeeze Ford and Magna.
Escalating US tariffs on Canadian goods and erratic trade policy are raising costs and uncertainty for the deeply integrated North American auto supply chain. Ford Motor Company is specifically being put on the line, and key Canadian supplier Magna International, which has large Metro Detroit operations, is exposed to the cross-border disruption.
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This Bloomberg Markets video, published September 06, 2026, features Haley Stevens discussing F, MGA. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Haley Stevens  · Tickers: F, MGA