Trump raises tariffs on Canadian cars and steel to 50%
46 minutes ago
US President Donald Trump will raise tariffs on Canadian automobiles and steel to 50%. In a post, Trump claimed that Canada has been taking advantage of the United States for years. He noted that Canada imposes exorbitantly high tariffs on American farmers and agricultural products, making it difficult for these "great American patriots" to make a living, and has long maintained a $60 billion trade deficit between the two nations. "This situation is unsustainable and will not continue!" he wrote. Starting January 1, 2027, tariffs will be increased to 50% on all cars, trucks (both large and small), auto parts, and steel. Goods produced in the U.S. will not be subject to tariffs at all. "Canada will no longer be treated as a state!" he added. "Whether in trade or other areas, Canada is one of the most difficult countries in the world to deal with. They think they deserve special treatment as a matter of course, but the truth is, we don't need Canada—they need us! 95% of Canada's business is conducted with the U.S., while our situation with Canada is the exact opposite!"
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