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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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Inflation Falls in June for First Time Since 2020

A closely-watched report on US inflation revealed that consumer price increases cooled further during the month of June. According to the latest data from the Bureau of Labor Statistics, the Consumer Price Index (CPI) declined by 0.1% over the previous month and increased just 3.0% over the prior year in June. This marks a deceleration from May’s flat month-over-month increase and the 3.3% annual gain in prices. Notably, it’s the first time since May 2020 that monthly headline CPI came in below 0%.

On a “core” basis, which excludes the more volatile costs of food and gas, prices in June climbed 0.1% over the prior month and 3.3% over last year—cooler than May’s data. Economists had expected a 0.2% monthly uptick in core prices and a 3.4% year-over-year increase.

The markets responded to this report, with the 10-year Treasury yield falling about 9 basis points to trade around 4.2%. While inflation has remained stubbornly above the Federal Reserve’s 2% target on an annual basis, recent economic data suggests that the central bank may consider cutting rates sooner than later. Markets are now pricing in a roughly 87% chance that the Federal Reserve will begin rate cuts at its September meeting.

This data adds to other rate cut signals across the labor market and economy. The labor market added 206,000 nonfarm payroll jobs last month, ahead of economists’ expectations. However, the unemployment rate unexpectedly rose to 4.1%, the highest reading in almost three years.

Notably, the Fed’s preferred inflation gauge—the core PCE price index—showed inflation easing in May, with a year-over-year change of 2.6%, in line with estimates and the slowest annual gain in more than three years.


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