Inside Trade

October 30, 2025

Canada

Senate again votes to end tariffs on Canada

The Senate on Wednesday voted 50-46 to end the national emergency President Trump declared in February to impose tariffs on Canada, the second time it has done so in a largely symbolic rebuke of the president’s tariffs. Republican senators Susan Collins (ME), Mitch McConnell (KY), Lisa Murkowski (AK) and Rand Paul KY) joined Democrats to support the resolution, which would have to be passed by the House and signed by the president – neither of which is likely – to...

Trump says he will boost Canada tariffs over Reagan ad 

President Trump on Saturday said he will increase tariffs on Canadian goods by 10 percent, “over and above what they are paying now,” in retaliation for the Ontario government’s continued airing of a television ad that uses clips from a 1987 speech by Ronald Reagan to argue against Trump’s use of tariffs against U.S. trading partners. “Ronald Reagan LOVED Tariffs for purposes of National Security and the Economy, but Canada said he didn’t! Their Advertisement was to be taken down,...

Ontario to pull Reagan ads on Monday so ‘trade talks can resume’

Ontario on Monday will “pause” an ad on tariffs featuring the words of former President Reagan after President Trump cited it in ending all trade talks with Canada. The province’s premier, Doug Ford, said on social media that the spot had worked as planned. “Our intention was always to initiate a conversation about the kind of economy that Americans want to build and the impact of tariffs on workers and businesses,” he said on social media . “We've achieved our...

Senate set to vote on Canada tariffs after Trump ends talks

Top Democratic lawmakers on Friday blasted President Trump for promising to end trade talks with Canada ahead of Senate votes slated for next week on whether to terminate a slew of tariffs. Trump on Thursday said he would terminate all trade talks with Canada , because of an Ontario-funded television advertisement featuring audio of a 1987 address by then-President Ronald Reagan in which the former president advocated against broad tariffs while defending targeted duties. Two top Democrats quickly condemned the...

Citing tariff ads, Trump calls off trade talks with Canada

President Trump late Thursday said he was terminating all trade negotiations with Canada after Ontario used audio of a 1987 Ronald Reagan speech in an advertisement arguing against tariffs that aired in the U.S., including during Major League Baseball’s American League Championship Series. “The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs,” Trump posted on social media . “The ad was for $75,000. They only...

State-level ag officials from U.S., Mexico, Canada urge USMCA extension

North American state- and provincial-level agriculture officials have issued a joint call of support for the U.S.-Mexico-Canada Agreement, urging their governments to extend the deal for another 16 years when it comes up for review next summer. Members of the National Association of State Departments of Agriculture, along with their counterparts from Canadian provinces and Mexican states, issued a joint communiqué on various agricultural issues, including “the role of states and provinces” in the upcoming USMCA review, following the 2025...

Carney rebuffs Ontario premier’s call to hit back at the U.S.

Canadian Prime Minister Mark Carney on Thursday dismissed calls to boost retaliatory measures in response to U.S. tariffs, saying his government remained focused on negotiations to secure better trade terms with Washington. “There's times to hit back and there's times to talk, and right now is the time to talk,” Carney told reporters at an event in Ontario, ahead of a meeting later in the day with Ontario Premier Doug Ford. Carney is the leader of Canada’s Liberal Party, while...

LeBlanc: U.S., Canada eye deal targeting steel and aluminum tariffs, energy

President Trump and Canadian Prime Minister Mark Carney directed their teams to move forward on what would be a relatively narrow trade deal focused on resolving U.S. steel and aluminum tariffs as well as concerns around energy during closed-door talks at the White House on Tuesday, according to Dominic LeBlanc, Canada’s lead minister for trade talks with the U.S. Speaking to reporters after the Oct. 7 meetings , LeBlanc said the talks “concluded with the president and the prime minister...

Carney headed to Washington to discuss USMCA review with Trump

Canadian Prime Minister Mark Carney will travel to Washington, DC, next week to discuss the upcoming review of the U.S.-Mexico-Canada Agreement as well as other economic and security issues, his office announced on Friday. “Canada and the U.S. each launched consultations last month that will inform preparations for the first joint review of CUSMA,” the announcement states . “The Prime Minister’s working visit will focus on shared priorities in a new economic and security relationship between Canada and the U.S.”...

Greer: USMCA review talks will lean more bilateral than trilateral

The U.S. expects coming negotiations about the future of the U.S.-Mexico-Canada Agreement to be conducted on a more bilateral basis as Washington seeks to address trade frictions with each partner, U.S. Trade Representative Jamieson Greer said on Tuesday. USTR earlier this month began seeking public input to inform the 2026 USMCA review, which is expected to lead to changes. If the parties agree next year to extend the deal, they can do so for another 16 years; If not, they...

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