Trump announced Monday morning that U.S. tariffs on all Canadian cars and trucks, automotive parts, and steel will increase to 50% starting Jan. 1, 2027.
Trump’s comments came after trade talks between the two countries broke down, with each side accusing the other of making eleventh-hour demands that derailed negotiations.
Trump previously touted the nearly finished deal between the two countries last Tuesday.
Canadian Prime Minister Mark Carney vowed to match the U.S.’s tariffs “dollar for dollar.”
“Last spring, I warned that America is trying to break us so that they can own us. And promised: “That will never, ever happen.” We are keeping that promise. Canada is becoming stronger and less dependent on America.”
“While we believed, earlier this week, that we were moving toward a mutually beneficial agreement, in recent days, the U.S. proposed new terms that were uneconomic, unfair, and undermined the net benefits to Canada, calling into question the reliability of any deal,” Carney said on Saturday. “In short, they asked too much and offered too little.”
“We’ve said enough, and so we’ve taken countermeasures. Our interest is in protecting American workers and protecting American supply chains,” he told "Fox & Friends" on Saturday.
As a result, he said, “We’re moving forward with measures that respond to Canadian retaliation.”
Shortly after the collapse of the talks, Trump took to Truth Social on Sunday and said that Canada “wants the benefits of being a State, without being one” and that it has “also charged our great farmers, for many years, massive amounts of tariffs. No more!!!”
Canada retaliates as U.S. lawmakers warn of higher costs
The collapse of the deal and escalating trade tensions between Washington and Ottawa have been met with both praise and criticism on either side of the border.
“It was a bad deal for Ontario. It was a bad deal for the auto sector, the steel sector and manufacturing sector,” he said. “We never started this fight, but I can assure you we're going to win.”
Democratic Sen. Amy Klobuchar of Minnesota said Trump’s tariffs “have created higher costs and chaos.”
Republican Sen. Susan Collins of Maine similarly warned that the “on-again/off-again trade talks between the U.S. and Canada lead to higher costs, risk, and uncertainty for Maine businesses.”
Democratic Gov. Abigail Spanberg of Virginia warned that this latest round of automobile tariffs will have “devastating consequences.”
“President Trump’s new 50% tariffs on Canada will disrupt supply chains and raise costs for Virginia businesses of every size and in every industry, and retaliatory tariffs will hurt Virginians,” she said Monday.
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