Trump Says He’ll Raise Canada Tariff by 10% After Reagan Ad

BloombergSaturday, October 25, 2025 at 8:41:08 PM
Trump Says He’ll Raise Canada Tariff by 10% After Reagan Ad
President Donald Trump has announced a 10% increase in US tariffs on Canada, a move prompted by an anti-tariff advertisement from Ontario. This decision could escalate tensions in one of the world's largest trade relationships, affecting businesses and consumers on both sides of the border. It's a significant development that highlights the ongoing trade disputes and the impact of political messaging on economic policies.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Trump sets 10% hike in tariffs on Canada after ad airs during World Series
NegativeFinancial Markets
In a surprising move, President Trump has announced a 10% increase in tariffs on Canadian goods, coinciding with a controversial advertisement that aired during the World Series. This decision is likely to escalate tensions between the two countries and could have significant economic implications, affecting trade relations and prices for consumers. As the situation unfolds, many are left wondering how this will impact the already strained U.S.-Canada relationship.
Trump aims to clinch deal with China’s Xi during Asia trip
PositiveFinancial Markets
During his recent trip to Asia, Trump is focusing on securing a significant trade deal with China's President Xi Jinping. This meeting is crucial as it could pave the way for improved economic relations between the two countries, which have been strained in recent years. A successful agreement could benefit both nations and stabilize global markets, making this diplomatic effort particularly important.
Trump raises tariffs on Canada by 10% in retaliation for anti-tariff TV ad
NegativeFinancial Markets
Donald Trump has announced a 10% increase in tariffs on Canada, a move that comes as a direct response to an anti-tariff advertisement funded by the Ontario government. This escalation in trade tensions highlights the ongoing disputes between the U.S. and Canada, which could have significant implications for both economies. The ad referenced Ronald Reagan's support for free trade, making this retaliation particularly noteworthy as it challenges the historical context of trade relations.
Trump to raise tariffs on Canada by 10% over Ontario’s Reagan ad
NegativeFinancial Markets
President Trump has announced a 10% increase in tariffs on Canada, a move sparked by a controversial advertisement from Ontario that quotes former President Reagan criticizing import levies. This decision highlights the ongoing tensions between the U.S. and Canada regarding trade policies and could have significant implications for economic relations and cross-border commerce.
Trump hits Canada with an extra 10% duty because Ontario’s anti-tariff ad ran during the World Series and didn’t come down immediately
NegativeFinancial Markets
In a surprising move, President Trump has imposed an additional 10% duty on Canadian goods, citing an anti-tariff advertisement that aired during the World Series as a trigger. This decision comes as tensions rise between the U.S. and Canada, especially with Trump's announcement that he won't meet Canadian Prime Minister Mark Carney at the upcoming ASEAN summit in Malaysia. This escalation in trade disputes could have significant implications for both economies, affecting businesses and consumers alike.
Ontario premier provokes Trump’s ire once again with Reagan ad
NeutralFinancial Markets
Ontario's Premier has stirred controversy once again by releasing an advertisement that seemingly provokes former President Trump, drawing parallels to Ronald Reagan. This move is significant as it highlights the ongoing tensions between provincial leaders and national figures, showcasing how local politics can intersect with broader political narratives. The ad's reception could influence public opinion and political dynamics in Ontario.
Canada-U.S. Tensions Stay on Baseball Field During Blue Jays-Dodgers World Series
PositiveFinancial Markets
During Game 1 of the 2025 World Series in Toronto, the atmosphere was filled with unity as performers created shapes resembling the American and Canadian flags, showcasing a moment of harmony between the two nations. This display of togetherness on the baseball field highlights the power of sports to bridge divides and foster goodwill, especially in times of political tension.
China’s rare earth limits may have ‘gone too far this time’ as trade talks start while U.S. gathers support amid global backlash
NegativeFinancial Markets
China's recent restrictions on rare earth exports are raising concerns as they may have overstepped, potentially shifting the global trade dynamics back in favor of the U.S. This situation is significant because it reflects the growing hesitance of companies worldwide to engage with China, which could have long-term implications for China's economy and its relationships with other nations.
Latest from Financial Markets
Trump sets 10% hike in tariffs on Canada after ad airs during World Series
NegativeFinancial Markets
In a surprising move, President Trump has announced a 10% increase in tariffs on Canadian goods, coinciding with a controversial advertisement that aired during the World Series. This decision is likely to escalate tensions between the two countries and could have significant economic implications, affecting trade relations and prices for consumers. As the situation unfolds, many are left wondering how this will impact the already strained U.S.-Canada relationship.
Trump aims to clinch deal with China’s Xi during Asia trip
PositiveFinancial Markets
During his trip to Asia, Trump is focused on securing a deal with China's President Xi Jinping. This meeting is crucial as it could pave the way for improved trade relations between the two countries, which have been strained in recent years. A successful agreement could benefit both economies and signal a new era of cooperation.
This mysterious billionaire and top Trump backer is behind a $130 million donation to pay troops during the government shutdown, report says
PositiveFinancial Markets
A mysterious billionaire, known for supporting Trump, has made headlines with a remarkable $130 million donation aimed at paying troops during the government shutdown. This significant contribution is crucial as it addresses the financial strain on military personnel caused by the shutdown, highlighting the billionaire's commitment to supporting the armed forces in challenging times. Such actions not only provide immediate relief but also spark discussions about the role of private funding in public services.
Being In an N.B.A. Player’s Entourage Is Fun. Now, It Can Be a Gambling Edge, Too.
PositiveFinancial Markets
Being part of an NBA player's entourage has always been an exciting experience, but now it could also provide a unique advantage in the world of gambling. As the lines between sports and betting continue to blur, insiders are finding that their close relationships with players can offer insights that might influence betting decisions. This trend highlights the evolving landscape of sports betting and raises questions about ethics and fairness in the game.
Exxon sues California over climate disclosure laws
NegativeFinancial Markets
ExxonMobil has filed a lawsuit against California, challenging the state's new climate disclosure laws. This legal action raises significant concerns about transparency and accountability in the oil industry, especially as climate change becomes an increasingly pressing issue. The outcome of this case could set a precedent for how companies disclose their environmental impact, potentially influencing regulations across the country.
British Airways pulls Louis Theroux podcast sponsorship after Bob Vylan interview
NegativeFinancial Markets
British Airways has decided to end its sponsorship of Louis Theroux's podcast following a controversial interview with Bobby Vylan, the lead singer of the band. The airline stated that the interview breached its policy on politically sensitive topics, highlighting the challenges brands face when navigating public discourse. This decision not only impacts the podcast's funding but also raises questions about the limits of corporate sponsorship in creative spaces.