Reagan’s Legacy Looms Over Trade Row: Trump Slaps Canada with Steep Tariffs
- Trump imposed a 10% tariff on Canadian goods, accusing Ontario of misrepresenting Reagan's tariff views in a controversial ad campaign. - Ontario paused its ad campaign to de-escalate tensions, while the White House called Canada's actions "political gamesmanship." - The dispute halted U.S.-Canada trade talks and risks worsening economic impacts, with experts warning of 5-15% sectoral cost increases. - Canada plans to diversify trade beyond the U.S. as 20% of its exports already face U.S. tariffs on stee
President Donald Trump has intensified the trade conflict with Canada by introducing an extra 10% tariff on Canadian imports, referencing an anti-tariff commercial from Ontario that featured former U.S. President Ronald Reagan. Trump made the announcement on his Truth Social account after several days of public disputes over the ad, which he accused Canada of using to distort Reagan’s position and sway an upcoming Supreme Court decision regarding his global tariff measures, according to a
The Ontario commercial, which was broadcast during the opening game of the World Series between the Toronto Blue Jays and Los Angeles Dodgers, featured Reagan’s 1987 comments against tariffs to emphasize their negative effects on American businesses and workers. The campaign, costing CA$75 million (around $54 million USD), aimed to reach American viewers during major events like the World Series, according to a
This dispute has brought U.S.-Canada trade talks to a standstill, which had previously been making gradual progress on matters such as steel, aluminum, and energy before the ad campaign heightened hostilities, according to Cryptopolitan. Canadian Prime Minister Mark Carney stated that Canada is ready to return to negotiations "when the Americans are prepared," but also stressed the importance of diversifying trade partners beyond the U.S. in light of Trump’s tariffs. Carney, who plans to visit Asia, noted that while Canada cannot dictate U.S. trade policy, it can work on expanding into other markets, as reported by Cryptopolitan.
Economists caution that these tariffs could worsen existing pressures on critical industries. The Peterson Institute for International Economics pointed out that similar trade disputes have historically raised costs by as much as 15% for affected sectors, while Brookings Institution experts forecast a 5-10% drop in cross-border trade if talks break down further, according to Coinotag. Canadian authorities indicated that 20% of their exports are already subject to U.S. tariffs on steel, aluminum, and lumber, prompting initiatives to lessen dependence on the U.S. market, Coinotag reported.
The timing of the ad campaign—airing during the World Series—greatly increased its exposure, with the first game attracting over 12 million viewers on Fox. Ford defended the campaign, saying its purpose was to encourage discussion about economic policy, and that it effectively reached "top-level U.S. audiences," as noted by USA Today. However, the White House denounced the ads as a distraction from meaningful negotiations, and Trump characterized the dispute as a matter of principle: "Due to their significant misrepresentation of facts and this unfriendly act, I am raising the tariff on Canada by 10% above the current rate," he stated, according to Bloomberg.
As the situation develops, the world is closely monitoring the outcome, given the importance of U.S.-Canada trade ties. Ontario’s decision to halt the ads signals a shift toward diplomatic efforts, but Trump’s firm approach suggests more conflict may be ahead. With the Supreme Court expected to decide on the legality of Trump’s tariffs in November, the ruling could have a major impact on the future of North American trade, USA Today observed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Astar (ASTR) Price Rally: Rising Interest in Blockchain Infrastructure and Cross-Chain Operations
- Astar (ASTR) surges in 2025 due to institutional adoption, technical upgrades, and cross-chain interoperability. - Its 2.0 upgrade enables 150,000 TPS, scalable to 300,000 via JAM protocol, while dynamic tokenomics balances inflation with burning. - Partnerships with Sony , Toyota , and Japan Airlines drive real-world blockchain applications like tokenized loyalty programs. - Astar maintains $2.38M TVL amid DeFi contraction, leveraging cross-chain infrastructure and enterprise-grade reliability. - Future

Astar 2.0’s New Direction: Driving DeFi Innovation and Attracting Institutional Participation
- Astar 2.0 introduces fixed-supply tokenomics, interoperability upgrades, and decentralized governance to attract institutional investors and redefine DeFi. - Tokenomics 3.0 caps ASTR supply at 10.5B, reducing inflation risks and aligning with Bitcoin’s scarcity model to boost institutional confidence. - Plaza and Startale App enhance cross-chain asset flows and user accessibility, addressing scalability and onboarding barriers for institutions. - Governance reforms shift to community-driven councils by 2

Ethereum News Today: Ethereum Faces a Scaling Challenge: Striving for Both Efficiency and Decentralization
- Ethereum's gas limit surged to 60 million (a four-year high), supported by 513,000+ validators to enhance throughput and reduce congestion. - Developers aim to triple the limit to 180 million, with Vitalik Buterin proposing a 5x increase via optimized gas pricing for efficiency. - The Fusaka upgrade (Dec 3, 2025) will codify this change, boosting Layer 1 throughput by 33% and Layer 2 by 133%. - Ethereum prioritizes targeted scaling over fee wars, maintaining decentralization while enabling sub-cent trans

Bitcoin News Today: While U.S. markets take a break for Thanksgiving, the nonstop nature of crypto fuels a $90K rally in Bitcoin
- U.S. crypto markets surged as Bitcoin (BTC) hit $90,000 during Thanksgiving 2025, defying traditional market closures. - Price rebound followed November losses, with analysts linking BTC/ETH/SOL gains to potential Fed rate cuts and improved liquidity. - Turkmenistan legalized crypto trading under strict state control, mandating licensing and cold storage while banning bank involvement. - Innovations like Avail's cross-chain liquidity platform and Bybit's CEX-integrated liquidity farms highlighted sector
