Canada gets new tariff on their Autos

Trump Announces New 50 Percent Tariffs on Canadian Autos

Canada says its counter-tariffs will come into effect on Sept. 8.

His announcement comes after trade talks between Washington and Ottawa collapsed on Aug. 21, with new 50 percent U.S. tariffs on about US$20 billion (CA$28 billion) of Canadian products taking effect on Aug. 22, and Canada vowing to retaliate with its own tariffs.

“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,” Trump said in a social media post on Aug. 24.

“Build in the U.S. and there are ZERO TARIFFS. Canada will be treated like a State no longer! On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON’T NEED CANADA, THEY NEED US!”

Trump said that starting in the new year, all Canadian cars, trucks, and auto parts will be subject to a 50 percent tariff. Current tariffs on Canadian autos are 25 percent.

The U.S. president also included steel in the new announcement. Canadian steel, along with aluminum and copper, is already tariffed at 50 percent.

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