Trump threatens 50% tariff on Canadian automobiles, car parts, steel starting January 1

President Donald Trump on Monday (August 24, 2026) threatened to impose a 50% tariff on Canadian vehicles, automotive components, and metal beginning subsequent yr because the commerce rift with Ottawa continued to deepen.

The announcement comes after commerce talks between in any other case allies and dependable buying and selling companions collapsed final week.

Lengthy-planned U.S. tariffs on numerous Canadian items went into impact after the talks broke off, and Canada has vowed to retaliate.

“Canada has been ripping off the US of America for years,” Mr. Trump wrote on social media on Monday (August 24) morning.

Criticising Canada’s “ridiculously excessive tariffs” on American farmers, Mr. Trump wrote: “Not sustainable, and NOT ANYMORE!”