Trump Threatens 100% Tariff on All Canadian Goods

Written by Emily J. Thompson, Senior Investment Analyst

Updated: 1d ago

0mins

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."

SOC

$9.87+Infinity%1D

Analyst Views on SOC

Wall Street analysts forecast SOC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SOC is 22.50 USD with a low forecast of 19.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Analyst Rating

4 Buy

0 Hold

0 Sell

Strong Buy

Current: 10.250

Low

19.00

Averages

22.50

High

29.00

Current: 10.250

Low

19.00

Averages

22.50

High

29.00

Benchmark

Subash Chandra

Buy

maintain

$20

2026-01-02

Reason

Benchmark

Subash Chandra

Price Target

$20

AI Analysis

2026-01-02

maintain

Buy

Reason

Benchmark analyst Subash Chandra says Sable Offshore's Santa Ynez Unit is "the closest it has been" to restart after the 9th Circuit Court of Appeals denied an emergency stay requested by environmental groups, but notes that the case wasn't dismissed, with responses and briefs due over the next few months. The firm has a Buy rating and $20 price target on Sable Offshore shares, which are up $1.69, or 19%, to $10.72 in Friday pre-market trading.

Jefferies

Buy

maintain

$19

2025-12-29

Reason

Jefferies

Price Target

$19

2025-12-29

maintain

Buy

Reason

Jefferies reiterated a Buy rating and $19 price target on Sable Offshore, noting that the company's December 23 announcement that he Pipeline and Hazardous Materials Safety Administration had issued an Emergency Special Permit approving the company's restart plans for Lines 324 and 325 was followed by an NGO lawsuit with the 9th Circuit Court of Appeals. The firm said questions remain over what happens next, notably whether the case will result in an injunction. The uncertainty has led to volatility, but the firm believes there is a mismatched risk-reward, assuming federal support for the onshore option continues, the analyst tells investors in a research note, adding that we should know more over the next few weeks.

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Jefferies

Buy

maintain

$19

2025-12-23

Reason

Jefferies

Price Target

$19

2025-12-23

maintain

Buy

Reason

Jefferies notes that on December 20th, PHMSA approved Sable Offshore's restart plans for Lines 324 & 325 clearing them as technically sound for restart. While first sales are still unsure, the firm sees this as a key milestone. Investor focus is on next steps / timing of restart and how PHMSA approval relates to the Consent Decree and the Judge Geck Case given the transfer of regulatory authority from OSFM to PHMSA. Jefferies' core takeaway is that the federal government wants the SYU to be producing. The firm has a Buy rating on the shares with a price target of $19.

Roth Capital

Leo Mariani

Buy

maintain

$22

2025-11-11

Reason

Roth Capital

Leo Mariani

Price Target

$22

2025-11-11

maintain

Buy

Reason

Roth Capital analyst Leo Mariani expects shares of Sable Offshore to react positively to the Washington Post's report that the Trump administration is preparing a proposal to open up offshore oil drilling along California's coast for the first time in decades. The Trump administration's support of oil drilling off the coast of California "shows clear support" for Sable's Santa Ynez project off the coast of California in federal waters and indicates that federal funding for the project is "still clearly an option," the analyst tells investors in a research note. Roth has a Buy rating on the shares with a $22 price target. The stock in early trading is up 4% to $6.24.

About SOC

Sable Offshore Corp. is an independent oil and gas company focused on developing the Santa Ynez Unit (SYU) in federal waters offshore California. SYU consists of three offshore platforms and a wholly owned onshore processing facility located along the Gaviota Coast at Las Flores Canyon in Santa Barbara County, California. The offshore position comprises 16 federal leases across approximately 76,000 acres. The Company’s Hondo platform and the Harmony platform develop the Hondo Field, and the Heritage platform develops the Pescado and Sacate Fields. The platforms are located five to nine miles offshore of Santa Barbara County in shallow water depths of 900 to 1,200 feet and service 112 wells, comprised of 90 producers, 12 injectors and 10 idle with an additional 102 identified, undrilled opportunities. The onshore facilities occupy approximately 35 acres and are comprised of an oil treating plant, a biologic/physical water treating plant, POPCO gas plant, and others.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.