Trump Raises Tariffs on Canada by 10% After Ontario Reagan Ad

Overview

• Trump announced the additional 10% on top of current U.S. duties in a post on Truth Social.
• He halted talks with Ottawa on Thursday over an Ontario ad that quoted Ronald Reagan’s 1987 free-trade speech.
• Ontario Premier Doug Ford said the province will pause its U.S. advertising campaign after speaking with Prime Minister Mark Carney.
• Canada faces a stated 35% base tariff that exempts many goods under USMCA, but steel and aluminum lack waivers and many Canadian-made vehicles are only partly exempt from 25% auto duties.
• GM and Stellantis have announced cuts to Canadian vehicle production, and Trump is traveling to Asia with no plans to meet Carney during regional summits.