Trump turns up heat on Canada with 50% tariff threat

US President Donald Trump announced a 50% tariff on Canadian cars, trucks, auto parts, and steel effective January 1, 2027, escalating trade tensions. He accused Canada of benefiting from high tariffs on US products, claiming a $60 billion trade deficit. This move has prompted Canadian Prime Minister Mark Carney to declare that Canada is effectively 'at war' with the US over trade.

Read the source (Economic Times)

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