USMCA trade agreement
Trump Imposes Additional 10% Tariff on Canada Following Dispute Over Reagan Advertisement
Oct 26, 2025 09:41 am CST
President Trump has announced a 10% tariff increase on Canadian goods after controversy surrounding an Ontario anti-tariff advertisement featuring Ronald Reagan quotes. The dispute has escalated tensions between the nations, with Trump terminating trade talks and Prime Minister Mark Carney warning of Depression-era tariff levels. Both leaders will attend APEC meetings in South Korea but have no plans to meet directly.
Trump Extends Auto Tariff Relief While Implementing New Truck Import Duties
Oct 18, 2025 01:37 pm CST
President Donald Trump has signed an executive order extending tariff relief for automakers importing vehicle parts while imposing a new 25% tariff on imported trucks and parts. The order maintains a 3.75% offset program for U.S.-assembled vehicles until 2030 while creating special provisions for vehicles qualifying under the USMCA trade agreement, impacting trade relations with Mexico and Canada.