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⚡ Trump threatened 50% tariffs on Canadian automobiles, car parts and steel starting Jan 1, as the trade rift between two historic allies deepens.

Trump Threatens Tariffs On All Cars And Trucks To 50% Amid Canada Trade Spat

U.S. tariffs on all cars and trucks, automotive parts and steel will be increased to 50% starting January 1, 2027, Trump said in a social post on Monday.

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US-Canada trade fight

Ontario Premier Doug Ford told AP that President Trump underestimates Canada and threatened to cut resources if the trade fight worsens.

Ontario's premier said Canada should be ready to cut off electricity and critical minerals to the U.S. if the trade war between the countries worsens.

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The US is set to impose a 7.5% tariff on Chinese goods over allegations of excess manufacturing capacity

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New banks are booming in the US. The Trump family is joining the rush.

The Washington Post has reportedly been ordered to rehire a Black columnist who was fired over her posts about Charlie Kirk.

New tariff threats

Trump says he will ratchet up tariffs on Canada-made cars and auto parts in January, escalating a trade war between the U.S. and Canada