Trump threatens tariffs on all cars and trucks to 50% amid Canada trade spat
GM•Trump says tariffs on cars, trucks, parts and steel will rise
WASHINGTON, Aug. 24 (Reuters) - U.S. tariffs on all cars and trucks, automotive parts and steel will be increased to 50% starting January 1, 2027, President Donald Trump said in a social post on Monday after trade talks with Canada collapsed.
"Build in the U.S. and there are ZERO TARIFFS. Canada will be treated like a State no longer!" Trump wrote.
"On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON’T NEED CANADA, THEY NEED US!"
Representatives for the White House did not immediately respond to a request for comment.
The two countries failed to reach a trade deal late on Friday, with each side blaming the other as Canada readied tariffs on some U.S. goods in retaliation for 50% levies ordered by Trump on other Canadian products.
(Reporting by Katharine Jackson, Daphne Psaledakis and David Shepardson; editing by Susan Heavey)
