US President Donald Trump said Monday he would impose a 50% tariff on Canadian automobiles, car parts and steel from January 1, 2027.
The announcement comes amid an escalating dispute between the two neighbors following the collapse of trade talks last week.
“Build in the US and there are ZERO TARIFFS. Canada will be treated like a [US] State no longer!” Trump wrote on social media, using his trademark all-caps style.
“On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON’T NEED CANADA, THEY NEED US!” the US president added.
The two countries have blamed each other after failing to reach a trade deal late on Friday to avert US levies of 50% on a broad range of other Canadian products. Those tariffs went into force on Saturday.
They affect $20 billion (€17 billion) worth of products, covering about 5% of what Canada ships to the US each year —, from hockey sticks and fishing rods to wine and dairy products.
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Canadian Prime Minister Mark Carney said his country would impose retaliatory tariffs from September 8 that would cover steel, dairy, appliances, agricultural equipment, pulp and paper and electronics.
The US currently accounts for roughly 70% of Canadian exports, making Ottawa potentially more vulnerable in the standoff.
More to come…
Edited by: Rana Taha
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