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Trump Says US to Raise Tariffs on Canadian Autos, Parts and Steel to 50% From Jan. 1, 2027
Summary
- Trump said he will raise tariffs on Canadian-made cars, trucks, auto parts, and steel to 50% starting Jan. 1, 2027.
- Trump said the US is running a $60 billion trade deficit with Canada because of what he described as Canada's unfair trade practices.
- Trump said companies can avoid the tariffs by expanding production in the US, adding that "if you produce in the United States, the tariff is zero (0)."
President Donald Trump said the US will raise tariffs on Canadian-made cars, trucks, auto parts and steel to 50% starting Jan. 1, 2027.
Walter Bloomberg, an overseas markets news account, reported on Aug. 24 that Trump said, "Starting Jan. 1, 2027, we will raise tariffs to 50% on all cars and trucks, large and small, auto parts, and steel."
Trump argued that Canada has continued unfair trade practices and cited agricultural tariffs as one example. He claimed the US is running a $60 billion trade deficit with Canada because of that trade structure.
He also said companies can avoid the tariffs by expanding production in the US. "If you produce in the United States, the tariff is zero," Trump said.
Trump continued his hardline remarks on Canada, saying, "We don't need Canada, but Canada needs us." He added that "Canada will no longer be treated like a state."
