Trump says to double tariffs on Canada autos as trade fight heats up
WASHINGTON — U.S. President Donald Trump said Monday that he would double tariffs on Canadian vehicles beginning next year, as the neighboring countries spiral towards an escalating trade war. "On January First, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50 percent," Trump wrote on his Truth Social platform. The current U.S. tariff…
U.S. President Donald Trump announced on Monday that he intends to double tariffs on Canadian vehicles starting next year, escalating the trade dispute between the two nations. The new tariff rate of 50 percent will apply to all cars, trucks, automotive parts, and steel on January 1st, 2027. According to Trump's statement on his Truth Social platform, the current tariff on Canadian vehicles stands at 25 percent for non-U.S. content, while imported steel currently faces a 50-percent duty in the United States.
Trump's decision came after Canadian Prime Minister Mark Carney and the North American neighbors failed to reach an agreement on averting new 50-percent U.S. tariffs on specific Canadian goods. The existing tariffs, which took effect on Saturday, now affect U.S. steel and dairy industries, as well as sectors such as agricultural equipment and pulp and paper.
Canadian Prime Minister Carney retaliated by announcing additional tariffs targeting U.S. steel and dairy sectors, while also covering agricultural equipment and pulp and paper industries.
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