Trump signals 50% tariffs on Canadian autos in renewed trade clash

1 min read
Source: CNBC
Trump signals 50% tariffs on Canadian autos in renewed trade clash
Photo: CNBC
TL;DR Summary

President Trump said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 2027, doubling the current 25% duties after talks collapsed. The move follows 50% tariffs already imposed on about $20 billion of Canadian goods and comes as Canada’s auto market remains small relative to the U.S., adding uncertainty for automakers and cross-border supply chains amid a stalled agreement.

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