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CNBC

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

Monday, August 24, 2026


President Donald Trump announced the U.S. will raise tariffs on Canadian automobile imports, including cars, trucks, and auto parts, to 50% effective January 1, 2027. The tariff increase applies to vehicle imports from Canada. Trump did not provide additional details about the implementation or potential exceptions in his announcement.

Original reporting: https://www.cnbc.com/2026/08/24/trump-canada-auto-tariffs-trade-war.html

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