• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Friday, December 5, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Trump sets 10% hike in tariffs on Canada after ad airs during World Series

October 26, 2025
in Markets
Trump sets 10% hike in tariffs on Canada after ad airs during World Series
Share on FacebookShare on TwitterWhatsapp

WASHINGTON: US President Donald Trump said on Saturday he was increasing tariffs on Canada by an additional 10% “above what they’re paying now,” as he reacted again to an ad by Canada’s Ontario province, a day after it was aired during the World Series broadcast.

Trump on Thursday ended trade talks with Ottawa over the tariff-related ad, which Trump said was misleading.

Trump announced the higher tariffs in a Truth Social post on Saturday referencing the ad, which features a video of former President Ronald Reagan, a Republican icon, saying that tariffs cause trade wars and economic disaster.

The ad had already been running for some days before Trump first reacted to it on Thursday night.

Ontario Premier Doug Ford said on Friday that after discussions with Canadian Prime Minister Mark Carney, Ontario would pause the U.S. ad campaign on Monday so that trade talks could resume.

The advertisement aired Friday during the broadcast for Game 1 of Major League Baseball’s World Series, in which the Toronto Blue Jays are facing off against the Los Angeles Dodgers.

“Their Advertisement was to be taken down, IMMEDIATELY, but they let it run last night during the World Series, knowing that it was a FRAUD,” Trump posted.

“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,” he wrote.

Trump posted the message while he was aboard Air Force One on his way to Malaysia, the first stop on a trip through East Asia that will largely focus on trade issues.

The US Commerce Department, the White House and the office of the Canadian prime minister did not immediately respond to requests for comment.

Most Canadian exports to US are exempt from tariffs

It was not clear what goods would be affected by Trump’s newly announced tariffs. The majority of Canadian exports to the US are exempt from tariffs because of the United States-Mexico-Canada Agreement (USMCA) that was signed during Trump’s first term.

The Trump administration in August imposed a 35% tariff on Canadian goods not covered by the USMCA.

But Canada’s economy has suffered from sector tariffs of 50% imposed this year by Trump on steel and aluminum from all countries.

Carney said on Friday that Canada stood ready to resume trade talks with the United States.

Trump and Carney will both be at the Association of Southeast Asian Nations summit in Malaysia, but he told reporters on Air Force One he has no plans to meet with the Canadian leader.

The Canadian prime minister had removed most of Canada’s retaliatory tariffs on US imports imposed by his predecessor, but White House adviser Kevin Hassett said on Friday that Trump was frustrated with Canada and trade talks have not been going well.

The ad by the Ontario government has a voiceover of Reagan criticizing tariffs on foreign goods while saying they cause job losses and trade wars.

The video uses five complete sentences from the five-minute weekly address, spliced together out of sequence.

The ad does not mention that Reagan was using the address to explain that tariffs imposed on Japan by his administration should be seen as a sadly unavoidable exception to his basic belief in free trade as the key to prosperity.

Share15Tweet10Send
Previous Post

Four children among 14 injured in Russia’s air attack on Kyiv, Ukraine says

Next Post

Long-shot socialist Mamdani in touching distance of becoming NY mayor

Related Posts

Wall St futures steady ahead of key inflation report
Markets

Wall St futures steady ahead of key inflation report

December 5, 2025
Copper hits record high, heads for weekly jump after Citi lifts outlook
Markets

Copper hits record high, heads for weekly jump after Citi lifts outlook

December 5, 2025
Rupee records gain against US dollar
Markets

Rupee records gain against US dollar

December 5, 2025
Bullish momentum at bourse, KSE-100 gains over 1,100 points in early trade
Markets

Bullish momentum at bourse, KSE-100 gains over 500 points during intra-day

December 5, 2025
Gold price gains Rs3,000 per tola in Pakistan
Markets

Gold price gains Rs3,000 per tola in Pakistan

December 5, 2025
Ford recalls nearly 109,000 vehicles, NHTSA says
Markets

Ford recalls nearly 109,000 vehicles, NHTSA says

December 5, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    54 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    47 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    47 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.