Trump escalates trade war with Canada with threat to raise tariffs on vehicles and steel – live

The president says a 50% tariff on Canadian cars, trucks, steel and auto parts will take effect on 1 January 2027

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Donald Trump has threatened to increase tariffs on Canadian cars, trucks, auto parts and steel to 50% today, after trade negotiations between Washington and Ottowa broke down last week.

On Truth Social, the president blasted Canada, and said the new duties will go into effect on 1 January 2027. “On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON’T NEED CANADA, THEY NEED US!” Trump wrote.