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Trump threatens more tariffs on Canadian automotive industry and steel

Click to play video: 'Carney vows ‘dollar-for-dollar’ retaliation after Canada-US trade talks collapse '
Carney vows ‘dollar-for-dollar’ retaliation after Canada-US trade talks collapse 
At a press conference on Saturday, Prime Minister Mark Carney said Canada will match new U.S. tariffs “dollar for dollar” after suspending trade negotiations with the United States. Carney said the U.S. introduced last-minute demands that would have hurt Canada’s auto sector, restricted its ability to pursue trade deals with other countries and weakened protections for Canadian culture and sovereignty. Canada’s retaliatory measures will target sectors including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.

U.S. President Donald Trump has threatened additional tariffs onto Canadian automobiles, car parts and steel to take effect next year as the trade war between the two nations escalates.

“On January First, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50 per cent. Build in the U.S. and there are ZERO TARIFFS,” he posted to Truth Social Monday morning.

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“Canada has been ripping off the United States of America for years. Their ridiculously high tariffs on our Farmers and farm products has made life impossible for these great American Patriots, and has long created a 60 Billion Dollar Deficit between our two Countries. Not sustainable, and NOT ANYMORE!”

He also added that “Canada will be treated like a State no longer!”

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Prime Minister Mark Carney has stated that Canada will match the 50 per cent tariffs that the U.S. put into effect over the weekend with a “dollar-for-dollar” retaliatory response as of Sept. 8.

“Our response will be concentrated in sectors such as steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. Also include products that are currently subject to unjustified section 232 and 338 tariffs,” Carney said in Ottawa on Aug. 22.

More to come.

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