Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.

The announcement marked a significant de-escalation of a volatile trade war ahead of Trump’s Thursday meeting with Xi.

Trump announced the increased tariffs on Oct. 25, referencing an anti-tariff ad aired by Ontario's government featuring a video of Ronald Reagan.

Scott Bessent was confronted, Sunday, about the idea that President Donald Trump increased tariffs on Canada because of a TV ad he didn't like.

President Donald Trump canceled trade talks with Canada on Thursday, citing a recent ad released by the government of Canada’s Ontario province that quoted former President Ronald Reagan’s 1987 radio address to the nation on fair trade.

Trump’s trade policies have centered around ‘reciprocal’ tariffs on an array of other countries. The president pushed forward a 35 percent tariff on many imports from Canada, although goods under the United States-Mexico-Canada Agreement have largely been excluded.

Jim Farley discusses the difficulties of tariffs in imported parts, which have cost Ford $2 billion – and may give an advantage to their competitors. He also explains why he drives a Chinese-made electric vehicle.

In 1987, President Ronald Reagan sharply criticized tariffs and trade barriers. Ontario’s government used Reagan’s words in an advertisement promoting free trade between the US and Canada in response to President Trump’s tariffs.

In the past few months, India has taken steps to effectively adapt to the barrage of trade policies being weaponized by U.S. President Donald Trump, who implemented tariffs to disrupt India’s pharmaceutical drugs in October,