President Donald Trump on Monday said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 2027, following a breakdown in trade negotiations last week.
“Not sustainable, and NOT ANYMORE!” he wrote. “On January First, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50%.” [sic]
Trump’s latest tariff threat would double top-line U.S. duties on Canadian auto imports, which currently sit at 25%. Canada sought to lower those tariffs as part of a new trade deal with the U.S., which appeared to be inches from completion before falling apart Friday night.
U.S. tariffs on Canadian steel imports are already at 50%.
