US–Canada Trade Deal Collapses As Trucks Trigger 50% Tariffs Shock
Automakers on both sides of the border now face 50% tariffs on roughly $20 billion in Canadian exports after light and heavy vehicle rules split negot...
Last updated: 2026-08-24 09:05:07 ET
Automakers on both sides of the border now face 50% tariffs on roughly $20 billion in Canadian exports after light and heavy vehicle rules split negot...
The tit-for-tat retaliation risks escalation into an all-out trade conflict and threatens to further unravel deteriorating ties between the two allies...
New 50% Trump administration tariffs on some Canadian exports went into place after the U.S. and Canada failed to reach a deal on Friday.
Surging Chinese vehicle exports are continuing to drive a global shortage of pure car and truck carriers, a leading CEO says. The post China growth st...
Shrinking demand in China and a surge of low-cost EV exports are forcing Toyota, Volkswagen and Detroit brands to rethink future lineups worldwide.
Growth was spearheaded by high-end timepieces and by exports to the U.S., which kept up double-digit growth for the third straight month.
Japan’s imports and exports set records in July, though soaring energy costs and a weak yen helped extend a trade deficit for a third straight month
Shipments of semiconductor equipment posted a massive 49.1% jump in value, reflecting continued demand, boosted by the artificial intelligence boom.
The levies were set to affect 5% of Canadian exports to the U.S. and risked escalation into a broader trade conflict.
Trump has already imposed a variety of tariffs on Canada and its specific exports, including metals, lumber and auto parts.
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