Business

US Threatens Higher Auto Tariffs in Trade War

Updated 2026-08-24 14:10 UTC 2 sources Negative

President Trump announced that the U.S. will hike tariffs on auto imports from Canada to 50% starting January 2027, escalating trade tensions between the two countries.

Coverage timeline — 2 articles
MarketWatch
One key is how any new U.S. sanctions might affect China, the No. 1 buyer of Iranian crude oil.
2026-08-24 13:58 UTC
CNBC
President Donald Trump said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 2027
2026-08-24 13:59 UTC
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