US Edition
Trump Adds 10 Percent Tariff on Canada Amid Reagan ad Spat
Trump cites a Reagan-era ad as interference in Supreme Court tariff rulings and plans a 10% tariff hike on Canada, impacting over $3.9 billion in daily trade.
- As he departed for Asia, US President Donald Trump said a Reagan-era radio address aimed to influence the US Supreme Court ahead of arguments scheduled for next month and said he would not meet the Canadian prime minister at the ASEAN summit in Malaysia.
- Lower courts had ruled Trump exceeded his authority, and he warned the US Supreme Court could create a disaster by forcing refunds of billions of dollars in duties.
- With such large flows at stake, nearly $C3.6 billion in goods cross the border daily, with steel and aluminum facing 50 US tariffs and most autos 25% US tariffs.
- Canadian Prime Minister Mark Carney has been trying to work with Trump to lower tariffs and said Ottawa was prepared to resume discussions on steel, aluminum and energy as he boarded a government plane to ASEAN talks.
- With policy reviews looming, White House economic adviser Kevin Hassett said negotiations with Canada have `not been going well`, and the trade deal Trump negotiated in his first term is slated for review amid a US base tariff of `three` percent and USMCA exemptions.
38 Articles
38 Articles
Business Insider
BizTocHours after Trump said he'd slap more tariffs on Canada, Ontario's Reagan ad airs again during the World Series
Ontario's ad criticizing tariffs aired during the World Series, hours after President Donald Trump said he'd slap new tariffs on Canada.
UPDATE: President Trump Hits Canada With 10% Tariff Increase Over Fake Ronald Reagan Ad
Yesterday, we brought you a story about Canada airing — and subsequently pulling — a fraudulent anti-tariff ad featuring the (very deceptive) words of Ronald Reagan. If you missed it, here’s the full scoop on that: CANADA CAVES: Fake Ronald Reagan Ad Pulled After President Trump Shuts Down Trade Talks
Sydney Morning Herald
Trump declares Canadian anti-tariffs ad invoking Reagan a ‘hostile act’, threatens extra import duty
The US president and Ronald Reagan’s trustees complained that the Canadian-produced ad misrepresented the former president’s full address. Watch these clips to decide.
President Donald Trump announced this Saturday that he will increase tariffs on Canada by 10% compared to current levels – which range from 35% in some products and 50% in others –, further intensifying trade tensions after what he called a “fraudulent” announcement that included different excerpts from a speech by former U.S. president Ronald Reagan in 1987, published by the Canadian government, in which he sees the former Republican president …
Trump says increasing tariffs on Canada by 10% over 'fraud' ad
President Trump announced a 10% tariff hike on Canadian goods following a dispute over an anti-tariff ad featuring Ronald Reagan. Trump accused Canada of misrepresenting facts and called the ad a hostile act. This escalation impacts existing trade relations under the USMCA, with further meetings between leaders anticipated.
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