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

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.

ABOARD AIR FORCE ONE (AP) — President Donald Trump said on Saturday that he plans to hike tariffs on imports of Canadian goods by an extra 10% because of an anti-tariff television ad aired by the province of Ontario.

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.

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.

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

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,