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Trump Threatens New 50% Tariffs on Cars, Trucksand Steel as U.S.-Canada Trade War Unfolds

President Trump vowed to increase tariffs on cars, trucks, auto parts and steel to 50 percent starting Jan. 1, as the countries edged toward a full-blown trade war.

Read full story on The New York Times →

Ana Swanson and Tony Romm24 Aug 2026, 06:37 pmUpdated 7h ago1 min readBusinessGlobal

Global — Ana Swanson and Tony Romm

Trump Threatens New 50% Tariffs on Cars, Trucks and Steel as U.S.-Canada Trade War Unfolds

President Trump vowed to increase tariffs on cars, trucks, auto parts and steel to 50 percent starting Jan. 1, as the countries edged toward a full-blown trade war.

This report is published with credit to The New York Times. The wire sent a summary; open the original for any extra context. Read on The New York Times →

Source: The New York Times · Ana Swanson and Tony Romm. Published 24 Aug 2026, 06:37 pm.

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