Former U.S. President Donald Trump has issued a stern warning that tariffs on Canadian automobile imports could be increased beyond the current 25%, signaling a potential spike in trade tensions just days before Canada’s national elections.
Speaking from the Oval Office on Wednesday, Trump delivered a speech marked by strong economic nationalism, stating that the United States is prepared to ramp up pressure on its northern neighbor.
“When I put tariffs on Canada – they’re paying 25 per cent – but that could go up, in terms of cars,” Trump said. “All we’re doing is saying we don’t want your cars, in all due respect. We really want to make our own cars.”
At the heart of his remarks is the existing tariff framework on vehicles imported from Canada, some of which are currently exempt under the United States-Mexico-Canada Agreement (USMCA). However, Trump’s comments suggest a possible shift in that policy if he returns to office.
In a more provocative statement, Trump cast doubt on Canada’s economic independence, asserting, “Canada would cease to exist as a country if the United States stopped buying its goods.”
The remarks have sparked concern among trade analysts and political observers, particularly given their timing ahead of Canada’s federal elections. While the U.S. and Canada have long maintained close economic ties, Trump’s comments hint at a potentially turbulent chapter in cross-border relations.
Comments