BusinessPostCorner.com
No Result
View All Result
Friday, July 17, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Canada’s Carney says he apologised to Trump over Reagan anti-tariff ad

November 1, 2025
in Finance
Reading Time: 3 mins read
A A
0
Canada’s Carney says he apologised to Trump over Reagan anti-tariff ad
ShareShareShareShareShare

Unlock the White House Watch newsletter for free

Your guide to what Trump’s second term means for Washington, business and the world

Canadian Prime Minister Mark Carney said he apologised to Donald Trump for an anti-tariff advertisement produced by Ontario that so enraged the US president he cancelled trade talks between the allies.

On Saturday, Carney told reporters in South Korea, where he was attending the Asia-Pacific Economic Cooperation summit, that he had asked Ontario Premier Doug Ford not to launch the television advertising campaign.

“I did apologise to the president,” he said, confirming comments by Trump made on Friday on Air Force One.

Trump this month abruptly terminated trade negotiations in response to the broadcast of the advertisement in the US. He escalated the dispute on Tuesday by adding an additional 10 per cent levy on Canadian exports to the US.

Carney flew to Washington in mid-October to meet Trump in the White House in an effort to mend bilateral relations and rescue a C$1.3tn ($928bn) trading relationship. The meeting appeared to improve the mood between the countries.

Trump told reporters on Friday he had a “very good relationship” with Carney.

“I like him a lot, but what they did was wrong. He was very nice. He apologised for what they did with the commercial,” Trump said.

“It was a false commercial. It was the exact opposite, Ronald Reagan loved tariffs,” he said.

Recommended

Historians point out that Reagan was outspoken in his opposition to tariffs, which he argued hurt Americans, even though he employed them on several occasions.

The TV ad in question — part of a $75mn campaign by Ontario — cites Reagan, who was known for his free market and anti-protectionist positions — warning that tariffs can appear like the “patriotic thing” but “over the long run such trade barriers hurt every American worker and consumer”.

Trump claims that the ad was a “fake”, even though the voice was that of the late Republican president taken from a radio address in April 1987.

US tariffs on Canadian imports were set at 35 per cent, though there are widespread exemptions for products compliant with the USMCA trade deal Trump signed during his first term. US tariffs on Canadian steel and aluminium, however, are set at a higher rate of 50 per cent, which has been a source of tension between the countries.

Carney said that he saw the ad before it was aired earlier this month.

“I told Ford I did not want to go forward with the ad,” he said.

Ontario, which is facing severe economic consequences due to the US tariffs, pulled the ad on Monday.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Geoffrey Hinton says tech giants can’t profit from AI investments unless human labor is replaced

Next Post

China to suspend some rare earth curbs, probes on U.S. chip firms

Next Post
China to suspend some rare earth curbs, probes on U.S. chip firms

China to suspend some rare earth curbs, probes on U.S. chip firms

Moonshot’s Kimi K3 pushes Chinese AI into Fable-level territory

Moonshot’s Kimi K3 pushes Chinese AI into Fable-level territory

July 17, 2026
Risks and Rewards of AI Leadership Development at Scale

Risks and Rewards of AI Leadership Development at Scale

July 10, 2026
June CPI Beat Lifts Bitcoin — Fed’s Next Move Matters

June CPI Beat Lifts Bitcoin — Fed’s Next Move Matters

July 14, 2026
NYC lawyers slam pied-a-terre tax as a ‘half-baked money grab’

NYC lawyers slam pied-a-terre tax as a ‘half-baked money grab’

July 13, 2026
Cornell professor: What generative AI can and cannot do

Cornell professor: What generative AI can and cannot do

July 15, 2026
Neuroscientist warns Gen Z first generation less cognitively capable than their parents

Neuroscientist warns Gen Z first generation less cognitively capable than their parents

July 12, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

U.S. companies have received  billion in tariff refunds but now must combat Iran war inflation

U.S. companies have received $71 billion in tariff refunds but now must combat Iran war inflation

July 17, 2026
China hits out at British Steel nationalisation

China hits out at British Steel nationalisation

July 17, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!