Canada, Reagan and Ontario
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The latest trade tiff between the U.S. and Canada comes as the two countries face off in a different arena: the World Series.
President Donald Trump's barrage of tariffs has quickly strained the United States' longstanding relationship with Canada over the last year.Since taking office in January, Trump has threatened Canada's economy and sovereignty with steep import taxes on its goods.
The president said he was motivated by an ad, paid for by the province of Ontario, that featured Ronald Reagan criticizing tariffs in a 1987 radio address.
Donald Trump has said he is adding 10% to US tariffs on goods imported from Canada, after the province of Ontario aired an anti-tariff advertisement featuring Ronald Reagan. Calling the advert a "fraud", the US president lashed out at Canadian officials for not removing it ahead of the World Series baseball championship.
The U.S.’s comprehensive trade agreement with Canada and Mexico is set to be reviewed next year and renegotiations of the deal could open more products up for tariffs or other trade restrictions, analysts said.
Commerce Secretary Howard Lutnick reminded us of an important but little-discussed part of trade negotiations with Canada and Mexico -- "virtually 75%" of trade between the U.S. and its two neighbors is "already tariff free" because of the USMCA agreement.
President-elect Donald Trump’s frequent calls for new tariffs on foreign goods may have overshadowed another massive trade-related pledge he made about a month before the November election: renegotiate the US-Mexico-Canada Agreement. Known as the USMCA ...
Canada and China swiftly announced retaliatory tariffs against the U.S. on Tuesday, shortly after long-threatened levies by the Trump administration on those countries and Mexico took effect. President Donald Trump's new 25% tariffs on imports from Mexico ...
The ad, which used the words of former President Ronald Reagan to criticize U.S. tariffs, aired during a World Series game. Trump said that Ontario's premier didn't act quickly enough to pull the ad.
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