List of Tariffs Ronald Reagan Implemented
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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.
Posting on his Truth Social site on Oct. 22, Trump said General Motors chair and CEO Mary Barra and Ford Motor Co. executive chair Bill Ford called him personally to thank him for the tariffs. Trump noted that since the tariffs were announced by the White House on Oct. 17, stock prices for the two automakers have "gone through the roof!"
This past summer, Donald Trump’s faith in tariffs appeared vindicated. He sealed lopsided trade deals with the EU, Japan and South Korea, while imposing most of his promised “liberation day” levies without provoking a market meltdown.
President Donald Trump pulled out of trade talks with Canada Thursday, furious over what he called a “fake’’ television ad from Ontario’s provincial government that quoted former President Ronald Reagan from 38 years ago criticizing tariffs -- Trump’s favorite economic tool.
Trump is also quick to accuse others of seeking to put pressure on the justices. On Thursday night, he posted that he was ending trade negotiations with Canada because he thought the country was trying to influence the Supreme Court to rule against him on tariffs via an ad sponsored by the province of Ontario.
Joe Scarborough said the ad, featuring an April 25, 1987, address from the former president, “reflected Reagan’s feelings about tariffs 100%.”
It’s getting more expensive for Americans to get their caffeine fix. U.S. government figures show the average price of a pound of ground coffee hit $9.14 in September, a 41% increase from the same month a year earlier.