The US will raise to 50% tariffs on Canadian steel and autos
US President Donald Trump announced on Monday that he will raise tariffs on Canadian steel and automobiles to 50%, a move that intensifies the trade war that Washington is waging with its northern neighbor.
US President Donald Trump has announced that he will raise tariffs on Canadian steel and automobiles to 50% by January 1, 2027. He accused Canada of imposing "ridiculously high" tariffs that have hurt US farmers and generated a $60 billion deficit. Trump claimed that Canada takes advantage of the US, stating that Canadians "think they have a right to everything" without justification.
The move escalates the trade war between the two historical allies, with Canada's Prime Minister Mark Carney previously stating that his country will match US tariffs dollar-for-dollar. The new tariffs will affect all cars, trucks, auto parts, and steel from Canada.
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