CEO Mary Barra said that the company has capacity to shift some of its truck-making operations to the U.S. if President Donald Trump imposes tariffs on Canada or Mexico. It’s one of “multiple scenarios” the company is considering, including using other international supply chains, Barra said on an earnings call Tuesday. GM’s Oshawa, Ont., facility is one example of a plant whose product can also be made in Flint, Mich. (The Logic)

Talking point: Barra said that GM won’t invest any major capital without more policy clarity. Still, the news spooked investors. The automaker’s shares fell nearly nine per cent on Tuesday, despite it beating analyst expectations for the fourth quarter. GM Canada president Kristian Aquilina warned last week that tariffs would be “in no one’s interest, especially in the U.S.” Barra told analysts that she’s hopeful that Mexico will take steps to compromise with Trump ahead of the proposed tariffs, which could come as soon as Saturday.