Trump Threatens New 50% Tariffs on Cars, Trucks and Steel as U.S.-Canada Trade War Unfolds
New York Times · LC · trust 63/100
President Trump vowed to increase tariffs on cars, trucks, auto parts and steel to 50 percent starting Jan. 1, as the countries edged toward a full-blown trade war.
Listen · 4:41 min Share full article Trade tensions between the United States and Canada have spiraled over the past few days, after the two sides failed to reach a trade deal and President Trump imposed 50 percent tariffs on $20 billion of the country’s exports on Saturday. Credit... Carlos Osorio/Reuters By Ana Swanson and Tony Romm
Writing on Truth Social, the president said that Canada was “among the worst Nations in the World to deal with” and that it “will be treated like a State no longer.”
“They feel entitled, and yet, WE DON’T NEED CANADA, THEY NEED US!” he wrote.
Trade tensions between the United States and Canada have spiraled over the past few days, after the two sides failed to reach a trade deal and Mr. Trump imposed 50 percent tariffs on $20 billion of the country’s exports on Saturday.
Mr. Trump had threatened those tariffs in a bid to speed trade talks and persuade Canada to remove some of the retaliatory measures it had taken against yet other tariffs Mr. Trump introduced last year. But despite weeks of negotiations — and frequent reassurances from Mr. Trump that a deal was close — the two sides announced late Friday that they had failed to come to terms.
The new U.S. tariffs drew significant opposition, including in Washington, where congressional Democrats attacked the Trump administration and even some Republicans expressed alarm that the duties could cause domestic costs to rise.
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