Trump Adds 10% Tariff On Canada Over Reagan Ad Dispute

Benzinga

Trump imposed a 10% tariff hike on Canadian imports after Ontario aired a “fraudulent” Reagan ad criticizing tariffs. The dispute paused trade talks and comes ahead of a Supreme Court case on Trump’s tariff powers.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Donald Trump announced a 10% tariff increase on Canadian imports

00:06after accusing Ontario's government of airing a fraudulent Ronald Reagan ad

00:11that misrepresented Reagan's 1987 remarks on tariffs.

00:15The ad aired during the first two games of the World Series,

00:19prompting Trump to suspend trade talks with Canada and threaten retaliation, according to CNBC.

00:25Ontario Premier Doug Ford said the ad would pause on Monday to resume negotiations,

00:29but defended its message and timing.

00:32The Reagan Foundation said Ontario's ad distorted Reagan's 1987 speech

00:37and posted the full unedited version on YouTube for viewers to watch.

00:42The dispute unfolds ahead of a Supreme Court case testing Trump's authority to impose tariffs

00:47without congressional approval.

00:49For all things money, visit Benzinga.com.

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