Trump Sets Tariff On Canada
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Trump announced the increased tariffs on Oct. 25, referencing an anti-tariff ad aired by Ontario's government featuring a video of Ronald Reagan.
Prime Minister Mark Carney is focusing on what the country can control, including looking for economic partnerships abroad, especially in Asia.
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Treasury Secretary Awkwardly Dodges Questions On Trump Jacking Up Canada Tariffs Because Reagan Ad Made Him Angry
Scott Bessent was confronted, Sunday, about the idea that President Donald Trump increased tariffs on Canada because of a TV ad he didn't like.
Trump attacked the ad on Truth Social Friday posting: “CANADA CHEATED AND GOT CAUGHT!!! They fraudulently took a big buy ad saying that Ronald Reagan did not like Tariffs, when actually he LOVED TARIFFS FOR OUR COUNTRY, AND ITS NATIONAL SECURITY.″
The move boosts tension between the government and the carmakers, which have been altering production plans amid U.S. tariffs and changing EV demand.