Overview
- President Donald Trump announced an additional 10% duty on Canadian imports already under tariffs, with timing and product coverage not yet specified by the White House.
- Talks were terminated on Oct. 24 after Trump denounced Ontario’s roughly $75 million Reagan ad as fraudulent and as an attempt to sway U.S. courts reviewing his tariff decrees.
- The Ronald Reagan Foundation said the ad used selective excerpts and said it is reviewing legal options, while Ontario’s premier moved to suspend the campaign starting Monday.
- Ontario’s spots still aired over the World Series weekend, and Ottawa says it is ready to resume negotiations when Washington is willing after reported progress on steel, aluminum and energy.
- Targeted U.S. duties continue to bite despite ACEUM coverage, with Canadian exports down about 10% in the first half of 2025 and July metals shipments to the U.S. off roughly 40%.