United States President Donald Trump has threatened to slap fresh double tariffs on Canadian vehicles beginning in 2027, as the neighbouring countries spiral towards an escalating trade war.
Trump made this disclosure in a post on his Truth Social on Monday.
“On January First, 2027, Tariffs on all cars, trucks, both large and small, automotive parts, and steel, will be increased to 50%,” he wrote.
According to him, US tariffs on all autos and automotive parts and steel will be increased to 50% starting January 1, 2027.
DAILY POST reports that the current US tariff on autos stands at 25% for non-US content, while imported steel to the United States generally faces a 50% duty.
The threat came after the North American neighbours failed on Friday to reach a deal to avert new 50% tariffs imposed by the Trump administration on select Canadian goods.
The US President further stated that Canada wants ‘benefits of being a State, without being one’ as trade war deepens
Recall that the White House had alleged discriminatory treatment by Canada against US alcohol, automobile and dairy products in rolling out the duties.
Trump delayed their implementation by three days last week as Washington and Ottawa stepped up negotiations towards a trade pact.
Trade War: Trump threatens to impose fresh tariffs on Canada