Trump Slaps 50% Tariff on Canadian Cars, Trucks, and Steel After Deal Collapses

Trump announced a 50% tariff on all cars, trucks, auto parts, and steel imports from Canada, effective January 1, 2027, after a last-minute deal to lower tariffs collapsed. Trump also imposed a separate 50% tariff on $20 billion in Canadian exports including electronics. Canadian PM Carney vowed to match American tariffs "dollar for dollar." The two nations trade roughly $909 billion annually.