U.S. President Donald Trump, right, meets with Canadian Prime Minister Mark Carney, left, in October 2025 in the Oval Office of the White House in Washington, D.C. Trump said Monday on social media that he will impose more 50% tariffs on Canada starting Jan. 1. File Photo by Shawn Thew/UPI | License Photo

Aug. 24 (UPI) -- U.S. President Donald Trump said Monday that he will impose higher tariffs on more Canadian products starting Jan. 1, a threat that comes several days after talks between the two countries collapsed.

After Canadian Prime Minister Mark Carney walked away from the negotiations, a 50% tariff on many Canadian goods (including hockey sticks, beer, cheese and cement) went into effect early Saturday. Carney said the United States made "unacceptable" demands and Canada would match those tariffs "dollar for dollar to protect our workers and businesses" starting Sept. 8.

On Sunday, Trump accused Canada of wanting "the benefits of a state without being one" and claimed that it has charged "massive amounts of tariffs" on the United States. Trump has previously talked about the country becoming the 51st state, an idea Canadian leaders have repeatedly rejected.

The U.S. president ripped Canada in social media posts Monday, claiming that the United States has a $60 billion trade deficit with Canada. It's $48 million, and most economists say bilateral trade deficits are of little economic importance, The Washington Post reported.