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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.
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While certain U.S. sectors are facing headwinds from the new tariffs on Canadian goods, analysts have said the broad economic effects of the new 50% U.S. levies could be modest for the U.S. overall.
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Trump says U.S. will hike Canada auto tariffs to 50% as trade war escalates CNBCOpinion | Mark Carney Did What Canadians Elected Him to Do The New York TimesTrump hits back at Carney, threatens to hike auto, truck, metals tariffs to 50% NBC NewsU.S. Trade Rep Greer blames Canada for failed tariff talks: 'They wanted more' CNBC
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