US-Canada trade row heats up as auto tariffs loom at 50%
TL;DR
Tensions between the US and Canada deepen after talks collapse, with President Trump threatening to raise tariffs on Canadian-made autos, trucks, and parts from 25% to 50% starting January 1. Canada pledges reciprocal measures and says talks could resume only with a "right attitude." The dispute jeopardizes the USMCA and risks broader economic disruption, prompting Ottawa to boost diversification and infrastructure like icebreakers while firms brace for impact.
- US-Canada trade war escalates as Trump threatens tariff hike on autos after Carney vows to retaliate BBC
- Trump Threatens Even Higher Tariffs on Canadian Exports After Talks Unravel The New York Times
- Lutnick’s Intervention in Canada Talks Draws Praise and Blame Bloomberg
- What to know about Trump's tariffs on Canadian goods and rising tensions between once-close allies AP News
- Canada tariffs, Bessent's buyback funding, Scott Kirby's plans for United and more in Morning Squawk CNBC
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