Trump threatens 50pc tariffs on all cars and trucks from Canada

WASHINGTON: Presi-dent Donald Trump sought to boost pressure on Canada on Monday, warning that US tariffs on all cars, trucks and automotive parts from the US’ northern neighbour would be increased to 50 percent starting January 1 after trade talks collapsed over the weekend.

The trade deal on the table would have cut the top-line tariff rate on Canadian cars and light-duty trucks from 25 percent to 15 percent and the tariffs on aluminium and steel from 50 percent to 25 percent but the deal collapsed on Friday over a number of points of contention including whether the US tariff relief would have applied to medium or heavy-duty trucks. “Build in the US and there are ZERO TARIFFS. Canada will be treated like a State no longer!” Trump wrote.