Trump announces 50% tariffs on Canadian auto and steel imports starting in 2027

President Trump announced Monday a new 50% tariff on all Canadian automotive and steel imports, beginning Jan. 1, 2027. Dan Kelly, president of the Canadian Federation of Independent Business, joins CBS News to discuss.

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

President Donald Trump escalated his trade war with Canada again Monday, this time threatening to hike tariffs on all vehicles, auto parts and steel from Canada to 50 per cent on Jan. 1.

The announcement comes days after trade negotiations broke down between the U.S. and Canada.

Trump threatens to hike tariffs on Canadian autos, steel to 50% in January  Toronto Star

President Donald Trump escalated the trade war with Canada after talks collapsed last week, announcing Monday that the United States would impose 50% tariffs on cars, trucks, automotive components, and steel starting Jan. 1, 2027. “Canada has been ripping off the United States of America for years,” Trump wrote on Trut

The latest threat comes after the neighbors failed to reach a deal to avert a 50% US levy on a range of other Canadian goods. Ottawa says it plans to impose retaliatory tariffs.

Trump threatens 50% tariff on Canadian automobiles, car parts and steel starting Jan 1 as trade rift with Ottawa deepens