US imposes steep new tariffs on Canadian auto and steel imports

President Donald Trump has announced a 50% tariff on all Canadian automobiles, trucks, parts, and steel, effective January 1, 2027, escalating trade tensions between the neighbors. Trump accused Canada of taking advantage of the US, while Canadian Prime Minister Mark Carney said the move was anticipated and that Canada remains open to negotiations when the US shows a genuine partnership attitude. The announcement follows the collapse of a potential trade deal over the weekend.