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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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Your daily horoscope: April 12, 2025

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

You will be on the move constantly this year but whether you get anywhere worth going will depend on how well you have mapped out your plans. If you have a realistic long-term strategy then on a daily basis you will make all the right calls.

ARIES (March 21 - April 20):

By all means push yourself hard this weekend but respect your limits too. If, in true Aries fashion, you start off at top speed you will inevitably exhaust yourself before you get anywhere near your goal. Pace yourself if you want to win.

TAURUS (April 21 - May 21):

If you can’t get what you want one way this weekend you will surely get it another. The full moon will place obstacles in your path but will also encourage you to be adventurous in reaching your goals. The more you innovate the more you will succeed.

GEMINI (May 22 - June 21):

It doesn’t matter how many mistakes you make over the next 48 hours so long as you learn from them and keep moving ahead. No one expects you to be perfect, so don’t expect it of yourself. You must, however, get it right the next time.

CANCER (June 22 - July 23):

Is someone in a position of authority plotting against you? Maybe, but more likely you are allowing your fears to get out of hand and encouraging your mind to come up with all sorts of weird imaginings. Your thinking must always be logical.

LEO (July 24 - Aug. 23):

You may be the kind of person who likes to shock with your words and your actions but the current full moon means you need to be smart and tone down your act a bit. If not, it could be you who gets the biggest shock.

VIRGO (Aug. 24 - Sept. 23):

Avoid confrontation at all costs over the next 48 hours. The full moon is sure to make you more touchy than usual but if you get into a fight your are unlikely to come out of it well and will certainly come out of it poorer financially.

LIBRA (Sept. 24 - Oct. 23):

You may be tempted to go it alone this weekend, most likely because you don’t trust other people to be as motivated as you, but the planets warn that could be a mistake. Postpone what you were planning to do until Monday, then think about it again.

SCORPIO (Oct. 24 - Nov. 22):

You will find yourself under a lot of pressure this weekend and it won’t be a comfortable experience. On the plus side, you won’t be the only one who is feeling the strain and you are sure to measure up better than your rivals.

SAGITTARIUS (Nov. 23 - Dec. 21):

You will find yourself attracted to someone this weekend whose reputation for getting into scrapes matches your own and no doubt you will have a lot of fun together. But you could get into a lot of trouble together too, so show some self-restraint.

CAPRICORN (Dec. 22 - Jan. 20):

You know what you want and you know where to get it but for some strange reason you are reluctant to go after it just yet. That could be your subconscious warning you that the full moon will upset your plans, so maybe leave it a day or three.

AQUARIUS (Jan. 21 - Feb. 19):

You may feel driven to take risks over the next 48 hours but why put your money and your reputation on the line when you don’t need to? Sit back and watch how events unfold. Chances are someone will simply give you what it is you desire.

PISCES (Feb. 20 - Mar. 20):

You will surprise a few people this weekend, not least by acting purely in your own interests. Usually you can be persuaded to put other people’s needs ahead of your own but you know if you do that now you could lose out in a big way.

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