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Trump vows 50% tariffs on cars, trucks and steel starting Jan. 1
The proposed rate would apply to cars, trucks, auto parts, and steel, as the U.S. and Canada move toward a wider trade dispute.
President Trump has vowed to raise tariffs on cars, trucks, auto parts, and steel to 50 percent, beginning Jan. 1, as tensions with Canada escalate.
According to reporting from the New York Times, the two countries are edging toward a broader trade war, with the tariff threat positioned as a major escalation point.
The move would expand the scope and level of duties affecting cross-border automotive and steel trade, potentially increasing costs for importers and reshaping expectations for future trade policy.
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