Trump threatens 50% tariffs on all cars and trucks by New Year's Day

U.S. President Donald Trump threatened to raise tariffs on all cars, trucks, and automotive parts to 50 percent by New Year's Day, following the collapse of trade talks with Canada. The announcement came Monday on Trump's Truth Social platform, where he said Canada "will be treated like a State no longer" and claimed the U.S. does not need Canada. The escalation follows Prime Minister Mark Carney's decision to recall negotiators from Washington, with an analysis estimating 87,000 Canadian jobs could be at risk. Conservative Leader Pierre Poilievre is calling on Carney to reconvene Parliament over the failed deal, while U.S. Trade Representative Jamieson Greer downplayed the impact, calling it a "tempest in a teapot." The tariffs currently cover about 5 percent of Canadian trade.