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President Donald Trump is threatening to raise Canada auto tariffs to 50% on cars, trucks and automotive parts beginning January 1, 2027, after U.S.-Canada trade negotiations collapsed. The move would escalate an already tense trade dispute and could disrupt the deeply integrated North American auto industry. What Happened Trump announced the potential 50% tariff increase on August 24 after trade talks between Washington and Ottawa broke down over the weekend. According to a report by Reuters, the proposed tariffs would apply to all Canadian cars, trucks and automotive parts starting January 1, 2027. The proposed trade agreement had offered a substantially lower rate. Under the deal that collapsed, tariffs on Canadian cars and light-duty trucks would have fallen from 25% to 15%...

President Donald Trump is temporarily waiving higher beef tariffs on ground beef imports in an effort to bring down historically high prices for American consumers. The administration will allow up to 300,000 metric tons of ground beef to enter the United States over the next 90 days without the applicable out-of-quota tariff, while Trump says participating beef will be sold at 25% below current market prices. What Happened Trump announced the temporary tariff relief on August 21, saying the measure would increase the availability of ground beef while American ranchers work to rebuild the nation's cattle herd. According to a report by CBS News, the policy allows up to 300,000 metric tons of ground beef into the country for 90 days with no out-of-quota tariff. Trump said foreign...