Trump increases tariff on Canada after Reagan ad re-airs
While Canada indicated it would be backing off from the ad on Monday to allow trade negotiations to potentially continue, President Trump raged against its decision to re-air the commercial, which he deemed a “hostile act.”
“Their advertisement was to be taken down, IMMEDIATELY, but they let it run last night during the World Series, knowing that it was a FRAUD. Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,” Trump said in a statement.
The new tariff means Canada will face an even steeper rate, as it currently faces 35% levies on most exports to the United States, though some of those goods are excluded under the United States-Mexico-Canada Agreement (USMCA). Trump has also slapped the country with 50% tariffs on steel and aluminum.
### Trump to Take Off for Asia Amid Tensions Over Shutdown, Russia, and Israel
As Trump seemingly reignited a trade spat with Canada over the Reagan ad just as he was warming to new leadership under Prime Minister Mark Carney, the two may have a chance to hash out their disagreements this weekend. Both Trump and Carney will be in Malaysia for the ASEAN Summit, though China remains top of mind for the U.S. president, as trade negotiations with them have also lapsed.
https://www.washingtonexaminer.com/news/white-house/3864238/trump-increases-tariff-canada-reagan-ad-re-airs/
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