RESOLVING THE LEDGER
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President Donald Trump on Monday said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 2027, following a breakdown in trade negotiations last week.
"Canada has been ripping off the United States of America for years," Trump wrote in a Truth Social post , accusing the long-time trading partner of hurting U.S. farmers through its own tariff policies.
"Not sustainable, and NOT ANYMORE!" he wrote. "On January First, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50%."
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