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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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Big Tech Sparks Market Rally as Apple and Amazon Earnings Lift Wall Street

 

US stock futures staged a strong rebound on Friday, fueled by better-than-expected earnings from Apple and Amazon, which helped restore investor confidence in the technology sector after a volatile week.

The S&P 500 futures climbed 0.7%, while the Nasdaq 100 surged 1.3%, reflecting renewed optimism in Big Tech’s ability to drive market momentum. In contrast, the Dow Jones Industrial Average futures hovered near flat, underscoring the tech-heavy nature of the rally.

Amazon shares soared nearly 13% in premarket trading after the company reported third-quarter results that easily beat Wall Street forecasts. Its cloud division, Amazon Web Services, posted a 20% revenue jump, signaling robust enterprise demand and reinforcing Amazon’s position as a leader in cloud computing.

Apple also impressed investors with stronger-than-expected earnings and upbeat guidance for the holiday quarter, a critical period for iPhone and services sales. The company’s performance reassured markets that consumer demand remains resilient despite broader economic uncertainty.

The rebound comes just a day after the S&P 500 and Nasdaq suffered sharp losses, with Meta’s steepest one-day drop in three years weighing heavily on sentiment. The latest results from Apple and Amazon, however, appear to have shifted the mood, highlighting the continued dominance of Big Tech in shaping market direction.

With most of the so-called “Magnificent Seven” companies now having reported earnings, investors are closely watching how these results will influence broader market trends heading into the year’s final stretch. For now, Wall Street seems encouraged that Big Tech remains a reliable growth engine, even amid global economic headwinds.


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