(US, 26th) US President Trump said he will increase tariffs on Canada by 10% in response to an anti-tariff advertisement released by Ontario, Canada, stating that the ad is disrupting one of the world’s largest bilateral trading relationships.
According to Bloomberg, Trump posted on social media on Saturday (October 25): "Because they have seriously distorted the facts and taken hostile actions, I will impose an additional 10% tariff on top of the current tariffs Canada is paying."
When asked whether he had plans to meet with Canadian Prime Minister Carney during the ASEAN and APEC summits, Trump said, "I have no plans, none at all."
The Ontario government recently aired television advertisements on US TV channels, quoting a segment from a 1987 speech by the late US President Reagan, warning that imposing high tariffs on foreign imports could adversely affect the US economy, which angered Trump. On Thursday (23rd), Trump terminated negotiations with Canada.
This conflict has once again triggered uncertainty between the two countries. Carney has been engaged in protracted negotiations with the US to lower tariffs.
After Trump first halted the negotiations, Carney responded by saying Ottawa is prepared to "resume negotiations when the US is ready," and noted that progress had been made in areas such as steel, aluminum, and energy.
Ontario Premier Ford said on Friday (24th) that the province would suspend its advertising campaigns in the US starting next Monday (27th). He had previously spoken with Carney and hoped that US-Canada negotiations could be restarted.
Canada currently faces a 35% US tariff, while products and goods that meet the specifications of the USMCA Agreement are exempted.
However, the Canadian economy has still suffered heavy losses due to Trump’s tariff policies. Last year, about three-quarters of Canadian exports went to the US. Ontario, with a population of around 16 million, lies at the center of the trade war due to its steel and automobile industries—two sectors hit hardest by Trump’s import tariffs.
According to Bloomberg, Trump posted on social media on Saturday (October 25): "Because they have seriously distorted the facts and taken hostile actions, I will impose an additional 10% tariff on top of the current tariffs Canada is paying."
When asked whether he had plans to meet with Canadian Prime Minister Carney during the ASEAN and APEC summits, Trump said, "I have no plans, none at all."
The Ontario government recently aired television advertisements on US TV channels, quoting a segment from a 1987 speech by the late US President Reagan, warning that imposing high tariffs on foreign imports could adversely affect the US economy, which angered Trump. On Thursday (23rd), Trump terminated negotiations with Canada.
This conflict has once again triggered uncertainty between the two countries. Carney has been engaged in protracted negotiations with the US to lower tariffs.
After Trump first halted the negotiations, Carney responded by saying Ottawa is prepared to "resume negotiations when the US is ready," and noted that progress had been made in areas such as steel, aluminum, and energy.
Ontario Premier Ford said on Friday (24th) that the province would suspend its advertising campaigns in the US starting next Monday (27th). He had previously spoken with Carney and hoped that US-Canada negotiations could be restarted.
Canada currently faces a 35% US tariff, while products and goods that meet the specifications of the USMCA Agreement are exempted.
However, the Canadian economy has still suffered heavy losses due to Trump’s tariff policies. Last year, about three-quarters of Canadian exports went to the US. Ontario, with a population of around 16 million, lies at the center of the trade war due to its steel and automobile industries—two sectors hit hardest by Trump’s import tariffs.