Trump Threatens 50% Tariffs on Canadian Autos and Metals as US-Canada Trade War Escalates

The United States has imposed 50% tariffs on roughly $20 billion worth of Canadian goods, including hockey sticks, building materials, liquor and certain clothing, after trade talks collapsed just before a midnight deadline. Canadian Prime Minister Mark Carney called the move a miscalculation and vowed to match the tariffs dollar for dollar, with Canada's retaliatory measures set to take effect September 8. Trump escalated further on Monday, threatening to extend the 50% rate to Canadian cars, trucks and steel, sending automaker stocks lower and pushing the Canadian dollar down in trading.

Carney said his government remains open to talks if the US adopts the right attitude, but has not backed down from retaliation. Ontario Premier Doug Ford went further, calling Trump a dictator, a loser and a bully. The dispute has drawn sharp criticism from business figures including Steve Forbes, who warned of needless economic destruction and urged both leaders to reach a settlement quickly.

The Trump administration separately announced it is seeking investment pitches from domestic producers of specialty metals used in fighter jets, night-vision equipment and tank armor, a move consistent with the broader push to reduce reliance on foreign supply chains. Canadian public opinion has largely backed Carney's decision to end talks, even as economic anxiety over the tariffs grows.