Trump Imposes 50% Tariffs on Canadian Vehicles, Steel, and Electronics

Trump set 50% tariffs — taxes on imported goods — on Canadian cars, trucks, auto parts, steel, and $20 billion in electronics exports, starting January 1, 2027, after a deal to reduce tariffs fell apart. Canada's PM Carney pledged to match American tariffs dollar for dollar. The two nations trade roughly $909 billion annually.