As Canadian Tariffs Increase, Supreme Court Scrutinizes Trump’s Authority on Emergency Trade Measures
- U.S. President Trump imposed 10% tariffs on Canadian imports after Ontario aired a $75M anti-tariff ad featuring Reagan, escalating bilateral tensions. - Canada announced targeted steel/aluminum tariff exemptions and shifted trade focus to Southeast Asia, as Trump froze negotiations and imposed 50% tariffs on Canadian steel/aluminum. - Alcoa Corp. reported $69M in costs from Canadian tariffs, while U.S. aluminum premiums surged 113%, highlighting economic impacts. - Legal challenges loom as the U.S. Supr
On October 24, 2025, President Donald Trump announced a new 10% tariff on goods imported from Canada, further straining relations after Ontario aired a $75 million anti-tariff commercial during the World Series, featuring the voice of former U.S. President Ronald Reagan. The advertisement, which openly criticized Trump's trade approach and was not immediately pulled, led Trump to accuse Canada of "fraud" and "cheating," resulting in the sudden halt of trade talks, as reported by
Ontario Premier Doug Ford was behind the ad, which referenced Reagan's 1987 comments on tariffs, arguing that such measures are damaging to both consumers and businesses. Since his re-election, Trump has made tariffs a key part of his economic agenda. In response to the ad, he suspended negotiations with Canadian Prime Minister Mark Carney, who has described the discussions as "constructive" but stressed that Canada cannot dictate U.S. trade policy, according to Cryptopolitan. This development is the latest in a series of disputes, including Trump's previous 50% tariffs on Canadian steel and aluminum, which have negatively affected industries in both countries, as outlined in
 
 
    Canadian authorities have tried to soften the blow by introducing targeted tariff exemptions. Finance Minister François-Philippe Champagne announced relief measures for certain U.S. and Chinese steel and aluminum imports to help key domestic sectors such as public health, national security, and agriculture, according to
The U.S. aluminum sector remains at the center of the trade dispute.
Canadian labor unions have stepped up their demands for government intervention as layoffs tied to tariffs increase. Unifor, the largest private-sector union in Canada, called for urgent government procurement measures to save the PACCAR truck factory in Quebec, which recently announced 300 more layoffs due to U.S. tariffs. Union representatives argued that local governments should prioritize domestic purchasing to safeguard jobs and industrial skills, according to
On the legal front, Trump’s authority to impose tariffs is being challenged in the U.S. Supreme Court, which will hear arguments on November 5 regarding the president’s power to enact tariffs under emergency provisions. Trump has defended the tariffs as essential for national security and economic stability, even as courts have found parts of his policy unconstitutional, as reported by Global News. The Justice Department has cautioned that lifting the tariffs could bring “financial ruin” to the U.S., while opponents claim the measures infringe on Congress’s trade authority.
As the dispute continues, Carney’s administration is navigating a complicated environment. While Trump has accused Canada of trying to sway the Supreme Court case with its ad, Ottawa insists its actions are lawful. Carney’s emphasis on ASEAN and other trade partners signals a broader effort to lessen reliance on the U.S. market, even as talks over steel, aluminum, and energy remain at a standstill, according to Cryptopolitan.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana News Update: BONK's Institutional Investment Mirrors MicroStrategy's Approach to Bitcoin
- Bonk Holdings (BNKK) acquired 2.26T BONK tokens ($32.7M), securing 3% supply via Solana multisig wallet as first DAT. - Institutional strategy includes 10% revenue share from BONK.fun ($100M+ daily volume) and plans to double holdings by year-end. - Price stabilized at $0.00001466 with institutional adoption (e.g., Sharps Technology) drawing parallels to MicroStrategy's Bitcoin treasury model. - Rebranding from Safety Shot and planned 1T token burn aim to reinforce price floors amid mixed trading volume

Hyperliquid News Today: Hyperliquid Repurchases Face Off Against Major Whale Short Positions: Crypto Derivatives Amidst Intense Volatility
- Hyperliquid led 2025 crypto buybacks with $644M, aiming to reduce sell pressure and stabilize token economics. - Whale traders like BitcoinOG and Trump Insider Whale amassed $367M in Bitcoin short positions, amplifying market volatility. - ENA's 10% flash crash triggered $47.38M liquidations, exposing risks of leveraged positions in crypto derivatives. - Individual traders faced extreme losses (e.g., $13.5M for Huang Lizheng) while bullish bets on XRP sparked debate over market manipulation. - Hyperliqui

XRP News Today: Institutional Support Transforms the Crypto Market: MoonBull, Solana, and XRP Take the Lead
- Ripple’s $1.25B acquisition of Hidden Road (Ripple Prime) bridges digital assets and traditional finance, attracting institutional clients. - Solana’s price nears $200 with $400M in staking ETFs, as JPMorgan forecasts $6B in potential inflows from mainstream ETFs. - MoonBull ($MOBU) leads meme coin presales with 95% APY staking and deflationary mechanics, raising $450K with 1,400 holders. - Dogecoin (DOGE) gains bullish momentum amid Bitcoin’s recovery, while Shiba Inu struggles with limited institutiona

Solana News Update: Institutional ETF Investments Propel Solana Toward $200 in Bullish Momentum
- Solana (SOL) rebounded above $180 support, surging to $195 on October 25 amid strong inflows into the SSK ETF (SSK-Osprey Staking Solana ETF). - Institutional interest grows as SSK manages $400M+ assets, with JPMorgan predicting $6B+ inflows for mainstream Solana ETFs within a year. - Technical analysis highlights a potential triple-bottom pattern, with $200 as key resistance and $253 as a possible breakout target if $188 support holds. - Fidelity listing SOL on its platform and Hong Kong's stricter cryp

Trending news
MoreCrypto prices
More








