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Trump angrily denounces Ontario advertisement and announces 10% tariff on Canada! Is the trade war clouded again?
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Hello everyone, today XM Forex will bring you "[XM Forex Platform]: Trump angrily denounced Ontario advertising and announced an additional 10% tariff on Canada! Is the trade war clouded again?". Hope this helps you! The original content is as follows:
Recently, an advertisement from Ontario, Canada, triggered strong dissatisfaction with US President Trump, setting off a new round of US-Canada trade disputes. The ad, which aired during the World Series, quoted excerpts from former President Ronald Reagan's speech, criticizing the economic disaster that tariff policies could cause, angering Trump and leading him to announce a 10% tariff on Canada. This incident not only made relations between the United States and Canada tense again, but also triggered widespread attention from the outside world on the prospects of trade negotiations. Why did this ad cause such a big stir? How will the United States and Canada respond to this new crisis? This article will give you a detailed analysis of the ins and outs of the incident.
The advertising content directly pointed out the harm of tariffs
The trigger was an advertisement produced and broadcast by the Ontario government. The ad aired during last Friday's (October 24) MLB World Series opener between the Toronto Blue Jays and the Los Angeles Dodgers, and had been aired for several days before the game, attracting a large number of viewers' attention. The ad quoted excerpts from speeches by former U.S. President and Republican icon Ronald Reagan. In his speech, Reagan made it clear that tariff policies could trigger a trade war, leading to unemployment and economic disaster. The ad's voiceover reinforces this idea, warning of the dangers of tariffs. It is worth noting that this video material www.xmhouses.comes from Reagan's five-minute weekly speech, which was edited to form a strong anti-tariff stance.
Trump’s Fierce Response
This ad aroused strong dissatisfaction from Trump a few days after it was aired. He reacted to this for the first time last Thursday (October 23), saying that the ad had"Misleading" and announced the termination of all trade negotiations with Canada. On Saturday (October 25), Trump further escalated the situation and announced through his social media platform TruthSocial that he would impose a 10% tariff on imported goods from Canada, citing Ontario’s “serious distortion of facts” and “hostile behavior.” Trump also angrily stated in the post that the ad should have been taken down immediately after it was discovered, but Ontario "knew it was a scam" and still chose to continue to air it during the World Series.
U.S.-Canada relations cast a shadow again
Trump’s tough attitude
Trump’s latest decision was announced on Monday (October 27) when he took Air Force One to Malaysia to attend the Association of Southeast Asian Nations Summit. He made it clear that he is currently satisfied with Canada's trade policy and refused to meet with Canadian Prime Minister Mark Carney. This statement further aggravated tensions between the United States and Canada. Kevin Hassett, director of the U.S. National Economic Council, also revealed last Friday that Trump is dissatisfied with Canada and believes that the current trade negotiations are not going well.
Canada’s response
Faced with Trump’s tough attitude, Canada responded quickly. Ontario Premier Doug Ford said on Friday that he had discussed with Prime Minister Carney and decided to suspend the controversial ad from Monday (October 27) in order to create conditions for the resumption of trade negotiations with the United States. Carney also publicly stated on the same day that Canada is ready to restart trade negotiations with the United States at any time, showing its willingness to ease conflicts. However, the U.S. Department of www.xmhouses.commerce, the White House and the Canadian Prime Minister's Office have not made further official www.xmhouses.comments on the matter.
Background and deep impact of the incident
Why did the advertisement touch Trump’s nerves?
The reason why this Ontario advertisement caused such controversy is closely related to its content and timing. The advertisement quotes Reagan's speech, which not only has strong symbolic significance - Reagan is an iconic figure of the Republican Party, and his views have a profound influence on American conservatives - but also directly challenges the tariff policy that Trump has always promoted. Since taking office, Trump has repeatedly imposed tariffs to protect the U.S. economy, but this policy has caused controversy at home and abroad. Ontario chose to air the ad on a high-profile occasion like the World Series, which undoubtedly magnified its influence and made Trump feel publicly provoked.
The Prospects of U.S.-Canada Trade Negotiations
It is worth noting that after taking office, Carney has canceled most of the retaliatory tariffs imposed by his predecessor on U.S. imported goods in an attempt to improve U.S.-Canada trade relations. However, Trump’s tough stance this time shows that the trade negotiations between the two sides still face huge obstacles. Trump made it clear on his trip to Malaysia that he was satisfied with the current trade deal and had no intention of meeting with Carney, casting a pall over future negotiations. There is widespread concern that if the United States and Canada cannot properly handle thisThe incident may trigger a new round of trade war and adversely affect the economies and people's lives of the two countries.
Summary: Where will U.S.-Canada relations go from here under the cloud of trade war?
A seemingly ordinary advertisement in Ontario unexpectedly ignited Trump’s anger and triggered a new U.S.-Canada trade dispute. From the content of the ad to Trump's fierce response to Canada's emergency response, this series of events not only revealed the fragility of the U.S.-Canada relationship, but also made people full of doubts about the prospects of future trade negotiations. Will Ontario's decision to suspend advertising calm Trump's anger? Can the United States and Canada find an opportunity to ease conflicts during the Association of Southeast Asian Nations Summit? These issues will gradually become clearer in the www.xmhouses.coming days. It is foreseeable that the controversy caused by an advertisement is far from over. The next step in U.S.-Canada relations will continue to attract global attention.
Trump’s 10% tariff on Canada will intensify the depreciation pressure on the Canadian dollar, push it downward in the short term and amplify mid- and long-term uncertainties. Gold prices are expected to rise due to risk aversion, forming a typical pattern of “currency under pressure and precious metals benefiting”. The depth of this impact depends on the progress of U.S.-Canada negotiations and the global economic environment. If Canada successfully suspends controversial advertising and restarts dialogue, the impact may be mitigated; conversely, the escalation of the trade war may trigger more severe market shocks. Of course, this week, the market is still paying more attention to news related to the Sino-US trade situation and the Federal Reserve's interest rate decision; signs of easing Sino-US trade tensions have also weakened the demand for safe havens. Spot gold once fell to around US$4,053 in the Asian market on Monday, but there are still bargain hunting to provide support for gold prices.
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