Trump Announces 10% Tariff Increase on Canada
President Donald Trump stated that he will increase tariffs on Canada by 10% in response to an anti-tariff advertisement by the province of Ontario.
"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,”
This decision follows public clashes over the ad, which referenced former U.S. President Ronald Reagan's stance as a free trader, prompting Trump to suspend trade negotiations with Canada.
Author's summary: Trump increases Canada tariff by 10%.