Trump to extend tariffs on Canada by an extra 10 % over anti-tariff advert

[ad_1] US President Donald Trump mentioned Saturday he was climbing tariffs on Canadian items by an extra 10 %, within the newest fallout over a Canadian anti-tariff advert that featured late US chief Ronald Reagan.

The announcement got here two days after Trump mentioned he had terminated all commerce talks with Canada over what he referred to as the “faux” advert marketing campaign.

“Their Commercial was to be taken down, IMMEDIATELY, however they let it run final evening throughout the World Sequence, understanding that it was a FRAUD,” Trump mentioned on his Fact Social platform, posting the message as he flew to Asia for conferences with key regional leaders.

“Due to their critical misrepresentation of the info, and hostile act, I'm growing the Tariff on Canada by 10% over and above what they're paying now,” he mentioned.

Learn extra Trump terminating Canada commerce talks over anti-tariff Reagan advert marketing campaign

The advert from the Canadian province of Ontario used quotes from a radio handle on commerce that Reagan delivered in 1987, wherein he warned towards ramifications that he mentioned excessive tariffs on overseas imports might have on the US financial system.

It cited the Republican as saying that “excessive tariffs inevitably result in retaliation by overseas international locations and the triggering of fierce commerce wars,” a quote that matches a transcript of his speech on the Ronald Reagan Presidential Library’s web site.

The Ronald Reagan basis wrote on X on Thursday that the Ontario authorities had used “selective audio and video” and that it was reviewing its authorized choices.

Including additional spice to the cross-border row, baseball’s World Sequence includes a Canadian workforce, the Toronto Blue Jays, dealing with a US workforce, the Los Angeles Dodgers. The Blue Jays thrashed the Dodgers 11-4 within the first recreation on Friday.

Learn extra Ontario pulls anti-tariff Reagan advert after Trump terminates Canada commerce talks

Ontario mentioned it might pull the offending anti-tariff advert on Monday in order that negotiations might restart, however not earlier than it aired once more on Saturday evening throughout the second recreation of the baseball showdown.

Trump’s world sectoral tariffs—notably on metal, aluminum, and autos—have hit Canada arduous, forcing job losses and squeezing companies.

For now, the US and Canada adhere to an present North American commerce deal referred to as the USMCA, which ensures that roughly 85 % of cross-border commerce in each instructions stays tariff-free.

However in a speech on Wednesday, Canadian Prime Minister Mark Carney mentioned the US has raised “its tariffs to ranges final seen throughout the Nice Melancholy.”

“Our financial technique wants to alter dramatically,” Carney added, saying the method “will take some sacrifices and a while.”

Trump and Carney are each set to be at a dinner on the sidelines of an Asia-Pacific Financial Cooperation (APEC) in South Korea on Wednesday. However Trump has mentioned he had no plans to satisfy Carney.