The 50 percent tariffs President Trump imposed on Canadian exports to the United States will make it impossible for many Canadian companies to continue to sell to the U.S. market, economists say.

President Trump said tariffs on Canadian automotive and steel imports will rise to 50% on January 1, 2027, in a social media post.

After trade negotiations crumbled at the eleventh hour, U.S. President Donald Trump's 50% tariffs on scores of Canadian imports kicked in over the weekend.The new levies, which went into effect Saturday,

President Donald Trump threatened Monday to impose 50% tariffs on Canadian-made vehicles, auto parts and steel beginning in January 2027, accusing Canada of "ripping off" the United States for years. Trump issued the warning in a Truth Social Post, writing, "WE DON’T NEED CANADA, THEY NEED US!"

This threat comes after a new round of tariffs went into effect over the weekend that will affect around $20 billion worth of Canadian goods.

Ontario Premier Doug Ford lists the ways Canada could hurt the US economy - and uses blunt language to taunt the US president.

Canadians recommitted to their boycott of American goods and travel. "Some people got a little lazy with it," one Canadian said.

The United States is set to impose a 7.5% tariff on Chinese goods over allegations of excess manufacturing capacity before a planned summit between China President Xi Jinping and U.S. President Donald Trump next month, according to people familiar with the matter.

The owner of a Michigan furniture manufacturer said the White House’s new tariffs on Canadian imports will “hamper the ability for us to put food on the table for our family” (AP video: Mike Household