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.

The president has frequently spoken about the potentially drastic consequences if the Supreme Court strikes down his sweeping tariffs, a view contested by his opponents.

A slate of prominent economists from across the political spectrum, including former Federal Reserve Chairs Ben Bernanke and Janet Yellen, urged the US Supreme Court to overturn most of President Donald Trump’s global tariffs,

U.S. consumers are bearing 55% of the cost burden of tariffs already, according to recent Goldman Sachs data reported by NBC News (5). S&P Global, meanwhile, says that only about one-third of Trump’s tariffs will be covered by companies, with the rest of the cost burden falling onto consumers. And that’s a conservative estimate.

U.S. President Donald Trump said on Friday he would consider reducing tariffs on Brazil, under the right circumstances.

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!"

Ripple effects from President Donald Trump's tariffs include failed shipments, customs holds, surprise inspections, and contract disputes.

One of the world’s poorest countries is reeling from the impact of US President Donald Trump’s tariff regime, which has crippled its key textile industry and exacerbated already high unemployment.