Trump announces 50% tariffs on Canadian automotive and steel imports

President Trump said in a social media post on Monday that the U.S. will impose a 50% tariff on all Canadian automotive and steel imports, effective Jan. 1, 2027.

“Canada has been ripping off the United States of America for years,” Mr. Trump wrote on Truth Social.

“On January First, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50%,” he said, noting that vehicles that are built in the U.S. are not subject to tariffs. 

“Canada will be treated like a State no longer!” he added. 

— This is a developing story and will be updated.