00:00U.S. President Donald Trump says the U.S. will double tariffs on Canadian vehicles from 2027
00:06as he accused Ottawa of, quote, ripping off the United States of America for years.
00:12In a post on his Truth Social account, Trump wrote that starting from January next year,
00:18tariffs on Canadian automobiles, automotive parts, and steel will be increased to 50%.
00:24Current U.S. tariff rates on automobiles stand at 25% for non-U.S. content.
00:30The threats come amid a growing trade war between the two neighbors that hit a flashpoint on Friday,
00:37after talks over a deal to avoid 50% duties on some Canadian goods collapsed.
00:43According to Prime Minister Mark Carney, Canada had been forced to walk away from a bad deal.
00:49The levies, which came into effect on Saturday, impact some $20 billion worth of Canadian goods.
00:56Carney warned that Ottawa would match the U.S. tariffs, quote,
01:00dollar for dollar to protect workers and businesses.
01:04Since returning to office, Trump has been putting intense economic pressure on Canada
01:09due to several grievances and strategic motives that includes his suggestion that Canada should become the U.S. 51st state.
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