Urgent.News

What's breaking now, across thousands of outlets.

Business

Trump threatens new 50% tariffs on Canadian cars

Canadian PM Mark Carney has threatened to retaliate with counter-tariffs, saying, “Everything is on the table.”

Trump threatens new 50% tariffs on Canadian cars

US President Donald Trump has threatened to impose new 50% tariffs on Canadian cars and trucks, intensifying the ongoing trade war between the two nations. Canadian Prime Minister Mark Carney has vowed to retaliate with counter-tariffs, stating that the recent negotiations made it clear that Trump aims to undermine Canada's steel, aluminum, and auto industries.

The majority of Canadians support Ottawa's decision to end talks, with a significant majority believing that the trade dispute will strengthen Canada by reducing its dependence on the United States. Carney acknowledged the difficulty of targeting a "much bigger economy" like the US, but emphasized that "everything is on the table."

The Canadian essayist Brendan Ruberry noted that Carney's decision to stand firm against US aggression "will resonate far beyond Canada’s border."

Brief written by urgent.news from Semafor's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at semafor.com →

More in Business

More from Monday 24 August →