0857 ET - Canadian Pacific Kansas City may actually benefit from the newly imposed global levies on US trading partners, if they persist. While uncertainty remains, BMO's Fadi Chamoun says in a report that the announcement which maintains current USMCA exemptions for Canada and Mexico is "better than feared," despite 25% tariffs on non-US auto content imported to the US from Mexico and Canada. While this will be negative for railroad auto exposure, higher tariffs on everyone else could spur North American goods movement. "Higher tariffs on rest of the world have the potential to stimulate North American originating/terminating freight, which could benefit CPKC," Chamoun says. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 08:57 ET (12:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。