Trade War Escalates: Trump Threatens 50% Auto Tariffs as Canada Pushes Back

The trade war between Canada and the United States took a dramatic turn on Monday as U.S. President Donald Trump threatened to double tariffs on Canadian vehicle imports from 25% to 50%, effective January 1 unless a deal is reached. Toyota Motor, which sources roughly 17% of its U.S. vehicle sales from Canada, has already absorbed $8.8 billion in tariff costs during its latest fiscal year. The automaker is countering with $10 billion in fresh U.S. investment,...