Trump plans 50% import tax on Canadian vehicles and steel
Starting in January 2027, US President Trump has declared a 50% tariff on Canadian cars, trucks, steel, and auto components. Trump stated, "Build in US...and there are zero tariffs. We don't need Canada, they need us!" The decision follows a breakdown in trade negotiations between the two nations, with each side pointing fingers at the other. Previously, Trump had already applied a 50% tariff on various other goods imported from Canada.