Trump slaps 50% tariff on Canadian cars, trucks, and steel

theguardian.com

President Donald Trump announced a new 50% tariff on Canadian cars, trucks, automobile parts, and steel, escalating trade tensions between the neighboring nations. The tariffs take effect January 1, 2027. Trump criticized Canada's trade practices on social media, claiming the country has been "ripping off" the US for years and stating "WE DON'T NEED CANADA, THEY NEED US." Canadian Prime Minister Mark Carney responded that the move was expected, noting Canada is the largest customer for American automobiles. The announcement follows the collapse of a potential deal over the weekend. Carney rejected the latest proposal, saying the US "asked too much and they offered too little," and has vowed to match American tariffs "dollar for dollar."


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