5 Things to Know Today: Trump Threatens New Auto Tariffs as Gold Hits a Record
August 25, 2026 Here's what's moving markets and your wallet today — from a fresh tariff threat on the auto sector to gold's latest record and a countdown you'll want on your calendar. 1. Trump Threatens to Raise Canadian Auto Tariffs to 50% President Trump said on social media Monday that he plans to raise tariffs on Canadian autos, parts, and steel to 50% starting January 1, 2027, warning that "Canada will be treated like a State no longer." The threat rattled auto-sector stocks, with Magna, BRP, and Linamar all trading lower Monday even as the broader TSX closed at a fresh record of 36,714.12. What it means for you: This lands on top of the 50% tariffs that already took effect August 22 and the Sept. 8 retaliation tariffs Ottawa is preparing. If you work in or near the auto sector — especially in Windsor, Oshawa, or Brampton — this is a threat worth watching closely over the next few months, not an immediate price change. 2. Gold Just Hit a Fresh Record ...
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