US to raise tariffs on Canadian vehicles to 50% in 2027
U.S. President Donald Trump announced an increase in tariffs on Canadian cars, trucks, and steel to 50% starting January 1, 2027, after the United States and Canada failed to reach an agreement to avoid this increase. This comes following the imposition of temporary tariffs worth about $20 billion on Canadian goods and Canada's readiness to retaliate with counter-tariffs on American products. The decision reflects an escalation in the trade war between the two countries and aims to address Canada's stance, which views Washington's economic advantages as being exploited.
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