Trump says U.S. will hike Canada auto tariffs to 50% as trade war escalates

US President Donald Trump speaks to reporters before boarding Air Force One at Joint Base Andrews, Maryland on Aug. 21, 2026.Saul Loeb | AFP | Getty ImagesPresident Donald Trump on Monday said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 2027, following a breakdown in trade negotiations last week."Canada has been ripping off the United States of America for years," Trump wrote in a Truth Social post, accusing the longtime trading partner of hurting U.S. farmers through its own tariff policies. "Not sustainable, and NOT ANYMORE!" he wrote. "On January First, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50%."Trump's latest tariff threat would double top-line U.S. duties on Canadian auto imports, which currently sit at 25%. Canada sought to lower those tariffs as part of a new trade deal with the U.S., which appeared to be inches from completion before falling apart Friday night.U.S. tariffs on Canadian steel imports are already at 50%.On Saturday, the U.S. imposed 50% tariffs on about $20 billion of Canadian goods, including wine, cement and hockey sticks. Those duties...