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,”
Trump's decision follows public clashes over the ad, which referenced former President Ronald Reagan's stance as a free trader, prompting Trump to suspend trade negotiations with Canada.
The move affects one of the world's biggest bilateral trade relationships.
Author's summary: Trump raises Canada tariffs by 10%.
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