Close Menu
  • Home
  • Financial
  • News
  • Personal Finance
  • Real Estate
  • Debt Relief
  • Subscribe Now
What's Hot

‘Peak war panic’ will likely hit financial markets in 1-3 weeks, strategist predicts, as Trump says he doesn’t want to make a deal with Iran yet | Fortune

March 14, 2026

U.S. hits military targets on Iran’s Kharg Island as war escalates | Fortune

March 14, 2026

When Will House Prices Go Down?

March 13, 2026
Facebook X (Twitter) Instagram
creditreddit.org
Subscribe Now
  • Home
  • Financial
  • News
  • Personal Finance
  • Real Estate
  • Debt Relief
  • Subscribe Now
creditreddit.org
Home » Trump adds 10% tariff on Canada due to a TV ad, even though key economic powers law doesn’t allow its use against ‘informational materials’ | Fortune
Financial

Trump adds 10% tariff on Canada due to a TV ad, even though key economic powers law doesn’t allow its use against ‘informational materials’ | Fortune

joshBy joshOctober 26, 2025No Comments2 Mins Read0 Views
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Copy Link Email
Follow Us
Google News Flipboard
Trump adds 10% tariff on Canada due to a TV ad, even though key economic powers law doesn’t allow its use against ‘informational materials’ | Fortune
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link



President Donald Trump’s extra 10% duty on Canada added fuel to the debate over his legal authority on trade, just as the Supreme Court is about to consider a challenge to his global tariffs.

In a Truth Social post on Saturday, he blasted the Ontario provincial government for not immediately taking down a TV ad that features remarks from former President Ronald Reagan criticizing tariffs.

“Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,” Trump wrote.

He didn’t cite a specific law for the extra levy, and the White House didn’t immediately respond to a request for comment.

But because he is adding it to his existing Canada tariffs, the 10% presumably invokes the International Emergency Economic Powers Act (IEEPA).

Trump also claimed the TV ad was meant to influence the Supreme Court, which will hear arguments on Nov. 5 in a case disputing his ability to invoke IEEPA to justify tariffs.

Peter Harrell, a visiting scholar at Georgetown’s Institute of International Economic Law, pointed out that IEEPA explicitly prohibits its use against information.

“Potential tariffs over a policy TV ad are potentially *even more* illegal than the other tariffs, given that the statute Trump is using, IEEPA, specifically provides that it cannot be used to ‘regulate’ ‘directly or indirectly’ any ‘information or informational materials,’” he posted on X.

The administration has used IEEPA to impose his so-called reciprocal tariffs on countries around the world as well as separate tariffs on Canada, Mexico and China over the fentanyl trade.

Canada currently faces a 35% base tariff rate, but it doesn’t apply to goods that comply with the US-Mexico-Canada Agreement that Trump negotiated in his first term.

Trump’s lack of specifics on his new 10% Canada tariff raised key questions for Erica York, vice president of federal tax policy at the Tax Foundation.

“Is the new 10% tariff on imports from Canada related to the fentanyl emergency or the reciprocal trade emergency or are hurt feelings also now a national emergency?” she asked on X.

adds Canada Doesnt due economic Fortune informational key law materials powers tariff Trump
Follow on Google News Follow on Flipboard
Share. Facebook Twitter Pinterest LinkedIn Telegram Email Copy Link
josh
  • Website

Related Posts

‘Peak war panic’ will likely hit financial markets in 1-3 weeks, strategist predicts, as Trump says he doesn’t want to make a deal with Iran yet | Fortune

By joshMarch 14, 2026

U.S. hits military targets on Iran’s Kharg Island as war escalates | Fortune

By joshMarch 14, 2026

The U.S. Mint dropped the olive branch from the dime. What does that mean for the country? | Fortune

By joshMarch 12, 2026

Asia rolls out four-day weeks and work-from-home as emergency measures to solve a fuel crisis caused by Iran war | Fortune

By joshMarch 12, 2026

Oracle blows investors away with 22% ‘hyper growth’ — but cash flow crunches to negative $24.7 billion | Fortune

By joshMarch 10, 2026

The Due Diligence Item That Makes or Breaks Cash Flow After Closing

By joshMarch 10, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

How to Build a More Predictable Financial Routine

November 24, 2025233 Views

Social Security payments to go up 2.8% next year while polls show three-fourths of seniors think 3% isn’t enough to keep up with rising prices | Fortune

October 24, 202542 Views

Trump Floats 50-Year Mortgages: Cash Flow Boost or Affordability Illusion?

November 13, 202540 Views

Why Mortgage Rates are Rising as the Fed Keeps Cutting

November 4, 202533 Views
Don't Miss

‘Peak war panic’ will likely hit financial markets in 1-3 weeks, strategist predicts, as Trump says he doesn’t want to make a deal with Iran yet | Fortune

March 14, 20265 Mins Read0 Views

The S&P 500 is only down 3% so far this year and 5% off its…

U.S. hits military targets on Iran’s Kharg Island as war escalates | Fortune

March 14, 2026

When Will House Prices Go Down?

March 13, 2026

How to Pack for a Move in 3 Days: Your Last-Minute Plan for Maximum Efficiency

March 13, 2026
Demo
Our Picks

‘Peak war panic’ will likely hit financial markets in 1-3 weeks, strategist predicts, as Trump says he doesn’t want to make a deal with Iran yet | Fortune

March 14, 2026

U.S. hits military targets on Iran’s Kharg Island as war escalates | Fortune

March 14, 2026

When Will House Prices Go Down?

March 13, 2026
Most Popular

The markets’ reaction to Trump hides a darker truth that puts the American economy at risk, Piper Sandler warns | Fortune

August 26, 20250 Views

Investors Are Controlling the Housing Market

September 4, 20250 Views

Local Politics is Ruining the American Dream With Overbearing Regulations

September 4, 20250 Views
  • Home
  • Privacy Policy
  • Terms and Conditions
  • Subscribe Now
© 2026 ThemeSphere.

Terms & Conditions | Privacy Policy

Type above and press Enter to search. Press Esc to cancel.