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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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Wall Street Holds Steady Amid Trump's Tariff Threats

                                       

US stocks showed resilience on Tuesday as investors weighed President-elect Donald Trump's threat to impose fresh tariffs on China, Canada, and Mexico. The S&P 500 inched up roughly 0.3%, while the tech-heavy Nasdaq Composite jumped about 0.4%. However, the Dow Jones Industrial Average dropped 0.3% after hitting a record high.

Trump's pledge to impose tariffs from his first day in office initially sparked trade war fears, but Wall Street seemed to take the news in stride, holding onto gains from Monday's Bessent-bounce. Investors are now closely watching the release of Federal Reserve minutes for clues on the pace of interest rate cuts in the coming year.

European carmakers, particularly Nissan and Honda, faced pressure due to Trump's "America First" push, while the Mexican peso and Canadian dollar dropped sharply. Meanwhile, bitcoin retreated to trade around $92,840 per token as its bid for the $100,000 milestone ran out of steam.




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