Trump: Tariffs on Canadian Cars, Parts, and Steel to Rise to 50% Starting Next Year

Trump announced that effective January 1, 2027, the U.S. will raise tariffs on all Canadian cars, trucks, auto parts, and steel to 50%. He also stated that producing these products in the U.S. would incur "zero tariffs." Trump further claimed that the U.S. "doesn't need Canada, Canada needs the U.S.," noting that 95% of Canada's business is tied to the U.S., while the situation for the U.S. is "quite the opposite."