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Trump Imposes 50% Canada Tariff, GM, Toyota Relocate Production

7/30/2026

43 3 Full Breakdown

Summary

Story summary

U.S. President Donald Trump announced a 50% tariff on many Canadian imports, invoking the Tariff Act of 1930.
He extended the short-term auto-parts tariff rebate through 2030.
General Motors pledged a $4 billion shift of vehicle production from Mexico to the United States beginning in 2026.
Toyota announced a $3.6 billion investment to move Tacoma pickup production from Mexico to Texas over about four years.

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Story summary

U.S. President Donald Trump announced a 50% tariff on many Canadian imports, invoking the Tariff Act of 1930.
He extended the short-term auto-parts tariff rebate through 2030.
General Motors pledged a $4 billion shift of vehicle production from Mexico to the United States beginning in 2026.
Toyota announced a $3.6 billion investment to move Tacoma pickup production from Mexico to Texas over about four years.