Categories: Business

Trump announces 10% increase in tariffs on Canada

WASHINGTON (Reuters) -U.S. President Donald Trump said on Saturday he was increasing tariffs on Canada by an additional 10% "above what they're paying now," just two days after ending trade talks with Ottawa over what Trump said was as a misleading advertisement.  Trump announced the higher tariffs in a Truth Social post on Saturday, referencing an ad aired by the government of Canadian province Ontario featuring a video of late President Ronald Reagan, a Republican icon, saying that tariffs cause trade wars and economic disaster. Canadian Prime Minister Mark Carney said on Friday that Canada stood ready to resume trade talks with the United States. The U.S. Commerce Department, the White House and Carney’s office did not immediately respond to requests for comment. (Reporting by Jasper Ward and Valerie Volcovici; Editing by Leslie Adler)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

A Santa rally? Investors hope for year-end gains to cap strong 2025

By Lewis Krauskopf NEW YORK, Dec 19 (Reuters) - Investors hoping for traditional holiday cheer…

2 hours ago

Permira, Warburg near $8.2 billion deal for Clearwater Analytics, sources say

By Milana Vinn Dec 21 (Reuters) - A group of private equity firms led by…

3 hours ago

Lucasfilm wins bid to throw out UK lawsuit over 'resurrection' of 'Star Wars' character

LONDON, Dec 18 (Reuters) - Disney unit Lucasfilm on Thursday won its bid to throw…

8 hours ago

Lucasfilm wins bid to throw out UK lawsuit over 'resurrection' of 'Star Wars' character

LONDON, Dec 18 (Reuters) - Disney unit Lucasfilm on Thursday won its bid to throw…

9 hours ago

South Korea's consumer agency to order SK Telecom to compensate 58 hacking victims

SEOUL, Dec 21 (Reuters) - South Korea's consumer agency said on Sunday it would order…

9 hours ago

UK actors vote to reject digital scans in AI rights push, echoing Hollywood battles

By Sam Tabahriti LONDON, Dec 18 (Reuters) - British film and television performers have voted…

9 hours ago