President Donald Trump shocked many on Thursday by announcing the end of all U.S. trade talks with Canada. His decision followed an advertisement from Ontario’s provincial government featuring former President Ronald Reagan criticizing tariffs.
The Ronald Reagan Presidential Foundation claimed the ad distorted Reagan’s original message from a radio address in April 1987. They suggested listening to the unedited version as it’s available on their YouTube channel. In a post on Truth Social, Trump labeled the ad as “fake” and accused Canada of trying to interfere with U.S. court decisions.
“Incredible,” he tweeted. “Tariffs are crucial for our national security and economy. Due to Canada’s actions, all trade negotiations are terminated.”
Ontario Premier Doug Ford responded by announcing a $75 million ad campaign targeting U.S. markets, emphasizing Reagan’s words. He described himself as a “big Ronald Reagan fan” and pledged to spread the message across Republican districts.
In the ad, Reagan articulates the fleeting benefits of tariffs, warning that they ultimately harm American workers and consumers. Trump’s policies focus heavily on tariffs, making this incident particularly concerning.
The Supreme Court is expected to hear a case in November that could clarify Trump’s authority to impose his extensive tariffs. This development reflects ongoing tensions surrounding trade policies that impact global economic dynamics.
Recent surveys show a growing divide among Americans regarding tariffs, with 54% believing they hurt the economy, according to a 2023 Pew Research study. As trade discussions continue to evolve, the influence of past presidents like Reagan remains relevant, and the stakes are high for both nations.
For more on the implications of tariffs, you can read the Pew Research findings here.
Source link
US Supreme Court,Tariff,Doug Ford,Canada,United States,Donald J. Trump,Breaking News: Major,Breaking News: Politics,Donald Trump,Ronald Reagan,Politics,Trade,business news
