Trump doubles down on Canada tariffs, announces 50% levy on autos and steel for 2027

President Donald Trump announced on Monday that tariffs on Canadian vehicles, parts, and steel will double to 50% starting January 1, 2027, following the collapse of trade negotiations. The current auto tariff stands at 25% for non-US content, while steel already faces a 50% duty. The escalation comes after new US tariffs on select Canadian goods took effect on Saturday, affecting about 5.5% of Canadian exports to the US.