Trump announces new 50% tariff on Canadian cars, trucks and steel

Move is latest deterioration in trade relations between neighbors with historically strong economic ties.

Donald Trump announced a new 50% tariff on automobiles and crucial raw materials from Canada, the latest deterioration in trade relations between the two neighbors with historically strong economic ties.

Trump said that the increased tariffs would start 1 January 2027 on all cars, trucks, automobile parts and steel. He also derided the nation’s tariffs on American farmers, writing on social media that Canada has been “ripping off” the US “for years”.

In response, Mark Carney told reporters on Monday that Trump’s announcement was largely expected.

He added that Canada would be ready to move forward with talks “when the Americans go to the negotiating table first with the right attitude toward our industry and a true partnership”.

Carney said that the US “asked too much and they offered too little”, and he has vowed to match the American tariffs “dollar for dollar”.