Trump announces 50% tariffs on Canadian automotive and steel imports

President Trump said in a social media post on Monday that the U.S. will impose a 50% tariff on all Canadian automotive and steel imports, effective Jan. 1, 2027, after trade talks between the two nations collapsed .

"Canada has been ripping off the United States of America for years," Mr. Trump wrote on Truth Social .

"On January First, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50%," he said, noting that vehicles that are built in the U.S. are not subject to tariffs.

U.S. tariffs of 50% went into effect Saturday on hundreds of Canadian goods, including imported hockey sticks and agricultural products. Canada has vowed to retaliate with its own tariffs on U.S. products, which are set to take effect Sept. 8, according to Canadian Prime Minister Mark Carney.