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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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Global Trade Tensions Surge as Tariffs Climb to 125%


In an unexpected move, tariffs have been raised to a significant 125%, sending shockwaves across global trade markets. This steep increase has sparked intense debates among governments, economists, and businesses alike, as the implications are far-reaching.

Supporters of the hike argue that it will protect domestic industries from foreign competition, fostering local economic growth and employment. They see the move as a necessary measure in an increasingly competitive global economy.

However, critics warn of potential consequences, including higher prices for consumers, disrupted supply chains, and strained international relations. Many industries reliant on imported goods are already voicing concerns over the financial strain this decision could impose.

As the dust settles, stakeholders are left to navigate an increasingly complex trade environment. How this decision will ultimately impact global commerce remains a critical question.



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