Trump announces 50% tariffs on Canadian auto and steel imports starting January 2027

President Trump announced via Truth Social that the U.S. would impose 50% tariffs on all Canadian cars, trucks, automotive parts, and steel, effective January 1, 2027. The move escalates a trade war after weekend talks between the two nations collapsed. Trump accused Canada of 'ripping off' the United States and falsely claimed a $60 billion annual trade deficit, a figure that significantly exaggerates the actual trade balance (the U.S. goods deficit with Canada was roughly $40 billion in 2024, with a services surplus bringing the overall deficit near zero). He called Canada 'among the worst Nations in the World to deal with.' Canada's Prime Minister Mark Carney said retaliatory tariffs would follow.

“On Jan. 1, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50%,” Quote verified against source