Trump threatens Canada with more tariffs - 50% on all cars and trucks from January 1, 2027
US President Donald Trump threatened to raise tariffs on all cars, trucks and auto parts from Canada to 50% starting January 1, 2027, escalating a trade war after negotiations broke down last week.
The trade deal on the table would have cut the main tariff rate on Canadian cars and light trucks from 25% to 15% and tariffs on aluminum and steel from 50% to 25%, but it fell apart on Friday due to several disagreements.
The escalation threatens to disrupt one of the world's most integrated auto supply chains. U.S. auto production relies heavily on parts and vehicles made in Canada, and higher tariffs could raise costs for American automakers and consumers while deepening a trade standoff that has already weighed on auto stocks.
"Make in the USA and there will be ZERO TARIFFS. Canada will no longer be treated as a country!" Trump wrote in a social media post.
“On Trade, and in other ways, too, they are among the worst nations in the world to deal with. They feel entitled, and yet, WE DON’T NEED CANADA, THEY NEED US!” Trump said.
In a press conference, Canadian Prime Minister Mark Carney said a "mutually beneficial agreement" with the US was possible, but only if the Americans respect Canada's sovereignty. "When the Americans come to the negotiating table first with the right attitude towards our industry and a real partnership, of course we will come to the negotiating table," Carney said.
Canada has consistently been one of the U.S.'s top two trading partners, and last year, U.S. trade in goods and services with Canada totaled $872.3 billion, down 4.6%. Canada exported about three-quarters of its goods to the U.S. and imported almost half of its goods from the U.S., the Office of the U.S. Trade Representative said.
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