US-TARIFFS:
The US has hiked tariffs on Canada by another 10% amid heightened tensions between the two countries. The move comes in response to an anti-tariff advertisement aired by the Canadian province of Ontario during a major sports event.
President Trump described the airing of the ad as "hostile" and accused it of misrepresenting facts, prompting him to increase tariffs on Canada by 10% over and above what they are currently paying. However, Ontario's Premier Doug Ford stated that the ad campaign would be halted beginning Monday, allowing for trade talks to resume.
Ford said his government aimed to initiate a conversation about the impact of tariffs on workers and businesses. He claimed their intention was achieved as the ad reached U.S. audiences at high levels. Meanwhile, Trump claimed the Ontario officials allowed the ad to run knowing it was "a FRAUD" and accused them of being aware that it would be taken down immediately.
This escalation marks another development in a longstanding trade war between the two nations. Trade tensions have been ongoing for months, with US tariffs on Canada reaching 35% earlier this year. Despite efforts to reach an agreement on tariffs, no deal has yet been reached.
The US has hiked tariffs on Canada by another 10% amid heightened tensions between the two countries. The move comes in response to an anti-tariff advertisement aired by the Canadian province of Ontario during a major sports event.
President Trump described the airing of the ad as "hostile" and accused it of misrepresenting facts, prompting him to increase tariffs on Canada by 10% over and above what they are currently paying. However, Ontario's Premier Doug Ford stated that the ad campaign would be halted beginning Monday, allowing for trade talks to resume.
Ford said his government aimed to initiate a conversation about the impact of tariffs on workers and businesses. He claimed their intention was achieved as the ad reached U.S. audiences at high levels. Meanwhile, Trump claimed the Ontario officials allowed the ad to run knowing it was "a FRAUD" and accused them of being aware that it would be taken down immediately.
This escalation marks another development in a longstanding trade war between the two nations. Trade tensions have been ongoing for months, with US tariffs on Canada reaching 35% earlier this year. Despite efforts to reach an agreement on tariffs, no deal has yet been reached.