Trump vows to double Canadian auto tariffs, escalating fight
[WASHINGTON] US President Donald Trump pledged to double the automobile tariff on Canadian vehicles and parts starting next year, escalating the spiraling...
US President Donald Trump has announced plans to double automobile tariffs on Canadian vehicles and parts starting January 1st, escalating tensions in the ongoing trade dispute between the two nations. The proposed tax increase, which would bring the rate to 50%, would apply to all cars, trucks, and automotive parts, with steel already facing a 50% levy.
The move comes after negotiations between the US and Canada collapsed earlier this week, leading to the imposition of a 50% tariff on billions of dollars worth of Canadian goods. Canadian Prime Minister Mark Carney has vowed to respond with retaliatory duties, which could significantly disrupt the deep integration of US-Canada supply chains.
The tariffs are expected to disproportionately impact Ontario, a key economic region for both countries.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their 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.
- Trump Vows to Double Canadian Auto Tariffs, Escalating Fight bloomberg.com
- How Canadian content on streaming platforms became a trade issue with the U.S. cbc.ca
- A Canadian premier has 2 ideas on where to hit Trump where it hurts: US fighter jets and coal businessinsider.com
- Trump’s trade chief invited to Ireland for EU talks politico.eu
- Trump vows to double Canadian auto tariffs, escalating fight businesstimes.com.sg
- Trump says US to increase tariffs on Canadian cars to 50% ft.com
- Inflation-battered U.S. voters could prove to be key Canadian ally in fight against Trump’s trade tyranny winnipegfreepress.com
- Trump threatens doubling tariffs on Canadian autos seekingalpha.com
