"The sole purpose of this FRAUD was Canada's hope that the United States Supreme Court will come to their rescue' on Tariffs that they have used for years to hurt the United States, Trump posted. Now the United States is able to defend itself against high and overbearing Canadian Tariffs (and those from the rest of the World as well!) Trump continued: Ronald Reagan LOVED Tariffs for purposes of National Security and the Economy, but Canada said he didn't!"
"Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now, Trump said. The ad that upset Trump started running earlier this week. Reagan, in the ad, said tariffs may seem patriotic, but that they ultimately hurt every American worker and consumer and inevitably lead to retaliation from foreign trade partners."
"President Trump's tariff announcement also comes two days after he said all trade negotiations with Canada were HEREBY TERMINATED because of the egregious TV ad. The 10% tariff hike adds to the 35% broad tariff on most Canadian goods; other industries, like steel and auto parts, have a 25% tariff in place, while there is a 10% tariff on Canadian lumber."
President Donald Trump imposed an additional 10% tariff on Canadian goods after Ontario ran a television advertisement that used selective audio of Ronald Reagan to portray him as opposing tariffs. Trump accused Canada of fraud and of hoping the U.S. Supreme Court would intervene on longstanding Canadian tariff practices. The Reagan Presidential Foundation said the ad relied on selective audio from a 1987 speech. Trump said he had terminated all trade negotiations with Canada and described the ad as a hostile misrepresentation. The 10% increase is added to existing levies, including a 35% broad tariff, 25% on steel and auto parts, and 10% on lumber.
Read at www.mediaite.com
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