Trump raises tariffs on Canadian cars, trucks, auto parts and steel to 50% from 2027
Trump also urged companies to manufacture in the United States, saying products built domestically would face no tariffs.
In a post on Truth Social, US President Donald Trump announced plans to increase tariffs on Canadian automobiles, automotive parts, and steel to 50% effective January 1, 2027. The tariff hike targets a wide range of products imported from Canada, including cars, trucks, automotive components, and steel. Trump accused Canada of unfairly imposing high tariffs on American farmers and creating a $60 billion trade deficit, which he claimed is unsustainable.
The new tariffs would take effect on January 1, 2027, targeting cars, trucks, automotive parts, and steel imported from Canada. Trump urged companies to manufacture in the United States, stating that products built domestically would face no tariffs. The announcement comes after negotiations collapsed due to last-minute demands from the US, which Canada deemed unacceptable.
Trump also castigated Canada's broader trade relationship with the United States, accusing it of being one of the most challenging countries to deal with on trade matters.
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