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Trump's 50% Auto Tariff Threat: What It Means If You're Buying a Car in 2027

  Vehicle prices in Canada are already up thousands of dollars since the trade war began. A threatened doubling of auto tariffs on January 1, 2027 could push them higher still — here's what's confirmed, what's not, and what it means if you're in the market for a car. On Monday, U.S. President Donald Trump posted on Truth Social that tariffs on all Canadian-made cars, trucks, auto parts, and steel would rise to 50% starting January 1, 2027 — effectively doubling the current 25% rate. The threat landed hours after cross-border trade talks collapsed late Friday night, triggering a separate round of 50% tariffs on roughly $20 billion of other Canadian goods and a promised Canadian retaliation package set for September 8. For anyone shopping for a new or used vehicle in Ontario — or watching an auto-sector paycheque — here's what's actually changed, and what's still just a threat. What Trump actually announced The post is specific on rate and date but light on me...
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U.S. stocks retreat from record highs ahead of jobs data


U.S. stocks ended lower on Monday, pulling back from record highs reached last week. The S&P 500 fell 0.5%, the Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite dropped 0.8%.

Investors were cautious ahead of some key reports this week on the U.S. economy, especially the jobs market The reports could provide more clues on the Federal Reserve’s stance on interest rates and inflation.

Technology and communication services stocks were among the biggest losers on Monday. Microsoft, Nvidia, Meta Platforms, and Netflix all declined more than 1.5%. Alaska Air Group plunged 14.2% after announcing a deal to buy Hawaiian Airlines.

Markets in Europe and Asia closed mixed on Monday. U.S. crude oil prices fell 1.4%, easing some inflationary pressure.

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