Donald Trump has announced a 10% increase on US tariffs for goods imported from Canada, a decision taken after an anti-tariff advertisement aired in Ontario featuring former President Ronald Reagan. Trump labeled the advertisement as a fraud and criticized Canadian officials for not removing it ahead of the World Series baseball championship.
In response, Canadian Prime Minister Jay Carney expressed readiness to continue trade negotiations and emphasized the development of new trade relationships amidst ongoing tensions with the US. Notably, Canada remains the only G7 country yet to finalize arrangements with the US concerning trade since the initiation of Trump's tariff strategies.
The United States has previously imposed a 35% levy on Canadian imports, with specific sectors facing even higher tariffs. Trump highlighted his intention to enact these additional tariffs while traveling to Asia, reinforcing the message that the companies importing these products will bear the burden of these financial policies, not Canadian exporters.
Trade minister Dominic LeBlanc echoed the need for constructive discussions between the two nations while Ottawa prepares to unveil a budget aimed at fostering significant investments within Canada. In the backdrop of these discussions, Doug Ford remarked that the contentious advertisement would still air during the World Series, despite his intention to deter its broadcast during trade talks.
The advertisement itself has drawn fire from the Reagan Foundation, which condemned Ontario's use of Reagan's legacy in a way it claims misrepresents his stance on tariffs. Ford had previously pledged to enhance the visibility of this message throughout Republican-led districts in the US.
Amidst these developments, the Canadian Chamber of Commerce expressed hope that ongoing diplomatic negotiations could de-escalate the situation, reminding that tariffs affect not just trade relations but also competitive standings within North America.