Trump raises tariffs on Canadian goods over Reagan advert

AI Summary
Donald Trump announced a 10% increase to US tariffs on goods imported from Canada following Ontario's airing of an anti-tariff advertisement featuring Ronald Reagan. Prime Minister Mark Carney responded that Canada is prepared to continue trade talks but also developing relationships with other countries. The US has already imposed a 35% levy on Canadian goods, with some exemptions under existing free trade agreements and additional sector-specific levies. Three-quarters of Canadian exports are sold to the US, particularly from Ontario's automobile manufacturing industry. Carney emphasized Canada’s readiness for discussions while also diversifying its trade relationships. Trump stated he would not meet his Canadian counterpart during a trip to Malaysia.
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