US President Imposes 50 Percent Tariff on Canadian Car Imports Starting in 2027

Washington, Aug 24 (KUNA) – U.S. President Donald Trump announced on Monday that his country will impose a 50 percent tariff on automobile imports from Canada starting in 2027, amid escalating trade tensions between the two nations. In a post on the Truth Social platform, Trump stated, “On January 1, 2027, tariffs on all cars and trucks, whether large or small, as well as auto parts and steel from Canada, will be raised to 50 percent.” He added that “Canada will no longer be treated like a U.S. state,” expressing his frustration over the failure to reach a trade agreement between the two sides. The current U.S. tariff on automobiles stands at 25 percent, while imports of steel into the United States are generally subject to a 50 percent tariff. Earlier, on Friday night, Canadian Prime Minister Mark Carney announced the suspension of trade negotiations with the United States, affirming that Canada would retaliate in kind against any U.S. tariffs imposed on Canadian goods. In a statement released minutes before the U.S. administration’s deadline to finalize an agreement before imposing a 50 percent tariff on Canada, Carney said, “Despite significant progress in negotiations, it has not been sufficient to meet our commitments to the Canadian people.” (End) A.M.M. / N.S.A.