US Increases Canadian Tariffs 10% Over Controversial Ad Amid Trade Talks Breakdown
US Increases Canadian Tariffs 10% Over Controversial Ad Amid Trade Talks Breakdown

US Increases Canadian Tariffs 10% Over Controversial Ad Amid Trade Talks Breakdown

News summary

President Donald Trump has announced a 10 percent increase in tariffs on Canadian imports in response to an anti-tariff advertisement aired by the province of Ontario, which used excerpts from former President Ronald Reagan's 1987 speech to criticize U.S. tariffs. Trump labeled the ad a "fraud" and accused Canada of misrepresenting facts, stating that the advertisement was supposed to be removed immediately but continued to air during the World Series. The tariff hike comes amid stalled trade negotiations between the U.S. and Canada, with Trump indicating he has no plans to meet Canadian Prime Minister Mark Carney at the ASEAN summit. Ontario Premier Doug Ford agreed to pause the ad campaign to facilitate the resumption of trade talks, while Carney expressed Canada's readiness to continue discussions despite the tariff escalation. The U.S.-Canada-Mexico Agreement covers many goods exempt from tariffs, but disputes over steel, aluminum, and energy sectors remain significant points of contention. The White House has not clarified the timeline or scope of the tariff increase, and the trade situation remains tense as both countries navigate these disputes.

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2
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1
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Last Updated
17 hours ago
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50% Right
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