Trump announces 50% tariffs on Canadian automotive and steel imports

Reported by CBS News. The paragraphs below are the opening of that article, reproduced word for word — not a summary, and not the whole piece.

President Trump said in a social media post on Monday that the U.S. will impose a 50% tariff on all Canadian automotive and steel imports, effective Jan. 1, 2027, after trade talks between the two nations collapsed .

"Canada has been ripping off the United States of America for years," Mr. Trump wrote on Truth Social .

"On Jan. 1, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50%," he said, noting that vehicles that are built in the U.S. are not subject to tariffs.