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 plans to double tariffs on Canadian vehicles starting from January 1, 2027, amid a rapidly escalating trade war between the two nations. The new tariff rate will be 50 percent on all cars, trucks, automotive parts, and steel, according to a post on Trump's Truth Social platform. Currently, U.S. tariffs on Canadian autos are set at 25 percent for non-U.S. content, while imports of steel to the United States face a 50-percent duty.
Trump's latest threat arises after North American neighbors failed to reach an agreement on averting new 50-percent U.S. tariffs on select Canadian goods, which took effect on Saturday. Canadian Prime Minister Mark Carney announced retaliatory tariffs targeting the United States following the breakdown of what he described as a "bad deal." These new Canadian tariffs will encompass U.S. steel and dairy industries, as well as sectors such as agricultural equipment and pulp and paper.
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