Trump Says US Will Raise Canada Auto, Parts, and Steel Tariffs to 50% on Jan. 1, 2027

President Trump announced on Truth Social on Monday, August 24, 2026 that tariffs on all Canadian cars, trucks, automotive parts, and steel would rise to 50% effective January 1, 2027, doubling the current 25% rate applied to non-US content, and declaring 'Canada will be treated like a State no longer.' The threat follows the collapse of US-Canada trade talks on August 21 and the 50% tariffs already in effect on roughly $20 billion of other Canadian goods; Trump accused Canada of 'ripping off the United States of America for years.' Canadian Prime Minister Mark Carney has vowed to retaliate 'dollar for dollar,' with Canada's countermeasures targeting US steel, dairy, appliances, agricultural equipment, pulp, paper, and electronics starting September 8.