Trump Slaps 50% Tariffs on Canadian Cars and Steel, Starting Jan 1

Donald Trump announced 50% tariffs on Canadian cars, trucks, automotive parts, and steel, effective January 1, 2027, citing a trade deficit and accusing Canada of unfair practices. Trump criticized Canada as the worst nation to negotiate with, claiming high tariffs on U.S. farmers created a $60 billion deficit. He stated building in the U.S. would incur zero tariffs. Canada's Prime Minister Mark Carney pledged reciprocal dollar-to-dollar tariffs on U.S. goods, saying Washington's demands were excessive. Canada exports 95% of its goods to the U.S.