Trump announces 50% Canadian automotive tariffs

President Donald Trump escalated the trade war with Canada after talks collapsed last week, announcing Monday that the United States would impose 50% tariffs on cars, trucks, automotive components, and steel starting Jan. 1, 2027.

“Canada has been ripping off the United States of America for years,” Trump wrote on Truth Social. “Their ridiculously high tariffs on our Farmers and farm products has made life impossible for these great American Patriots, and has long created a 60 Billion Dollar Deficit between our two Countries. Not sustainable, and NOT ANYMORE!”