🇺🇸Trump announced 50% tariffs on Canadian cars, trucks, automotive parts, and steel starting January 1, 2027.

Trump said tariffs on Canadian cars, trucks of all sizes, automotive parts, and steel would be increased to 50% on January 1, 2027. The cited reports describe 50% as the resulting tariff rate, not a 50-percentage-point increase.

The announcement came amid a breakdown in U.S.-Canada trade negotiations. U.S. Trade Representative Greer said Canada had wanted more from an agreement, while Canadian Prime Minister Mark Carney said Canada would return to negotiations when the United States had the “right attitude” toward Canadian industry.

Carney said Canada could take a more targeted approach to counter-tariffs, and Canadian ministers were scheduled to announce a response the following day. One FinancialJuice update also reported a U.S. statement characterizing tariff announcements not issued through the White House as speculation, while subsequent posts attributed the 50% announcement and a clarification directly to Trump.