U.S. President Donald Trump says he will impose 50 percent tariffs on all Canadian cars and trucks and steel starting on Jan. 1, 2027.
His comments come after trade talks between Washington and Ottawa collapsed on Aug. 21, with new U.S. tariffs on about US$20 billion (CA$28 billion) of Canadian products taking effect on Aug. 22, and Canada vowing to retaliate with its own tariffs.
“Canada has been ripping off the United States of America for years. Their ridiculously high tariffs on our Farmers and farm products has made life impossible for these great American Patriots,” Trump said in a social media post on Aug. 24….